Fed's Brainard: gradual US Rate hikes likely appropriate
|Fed's Brainard has been crossing the wires with key comments below:
- Fed's Brainard: greater confidence inflation will rise to 2-pct target.
- Fed's Brainard: encouraged by 'substantial' fiscal stimulus, full employment, above-trend growth.
- Fed's Brainard persistently low inflation raises risk that underlying prices have softened.
- Fed's Brainard: would welcome 'mild temporary' overshoot of inflation target.
- Fed's Brainard: falling unemployment raises risk of financial imbalances; unclear how much labor slack remains.
- Fed's Brainard: wages remain somewhat below pre-crisis levels.
- Fed's Brainard: 'headwinds shifting to tailwinds,' but ready to slow or quicken rate hikes if forecasts wrong.
- Fed's Brainard: encouraged by global growth, foreign demand, higher oil prices, softer dollar.
- Fed's Brainard: stocks 'elevated'; corp bond spreads 'quite compressed'; yet overall risks moderate.
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