Fed’s Brainard: Global ‘crosscurrents’ may hit US
March 9, 2016
Two key Federal Reserve officials said Monday they expect inflation to get closer to the central bank’s target.
In separate prepared remarks in Washington, neither Fed Vice Chairman Stanley Fischer nor Gov. Lael Brainard made direct reference to next week’s meeting of the Federal Open Market Committee. But Brainard argued for patience in rate increases amid possible risks that inflation and U.S. economic activity will fall.
“Tighter financial conditions and softer inflation expectations may pose risks to the downside for inflation and domestic activity. From a risk management perspective, this argues for patience as the outlook becomes clearer,” Brainard said.
(via CNBC)