Fed's Brainard: Global financial-market stress, possible channels to US an important consideration for monpol
|Additional headlines are crossing the wires from the Fed Governor Lael Brainard, with key points, via Reuters, found below.
- Rising oil prices seen taking some disposable income away from U.S. consumers; yet U.S. drilling and mining sectors getting a boost.
- Global financial-market stress, possible channels to U.S. an important consideration for monetary policy.
- Valuations still pretty elevated in equity, credit markets; leverage up among riskier corporates but not in financial sector.
- Conditions not yet risky enough to raise countercyclical capital buffer for U.S. banks
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