Brainard comments at a speech in Washington
- Fiscal policy among many sources of uncertainty
- May hike rates faster if fiscal policy shrinks slack fast
- Fiscal stimulus could put upward pressure on US dollar
- Balance sheet reinvestment could also end sooner
- Sees risks abroad tilted lower, especially in emerging markets, China
- Sees risks from low inflation in Japan and Europe
Brainard is a dove but she acknowledges here that the Fed make have to hike faster if fiscal spending ramps up.