Fed's Brainard: Rate hike will likely be appropriate soon
|Lael Brainard, member of the Federal Reserve's Board of Governors, is crossing the wires, noting that a rate hike will likely be appropriate soon, given improved global conditions and continued growth.
Headlines
Says "constraints" of the past two years, caused by problems from Europe to China, are easing
Says Fed's employment and inflation goals are nearly met, allowing continued gradual pace of rate increases
Says risks to outlook are as balanced as they have been "for some time"
Says still supports plan to retain current size of Fed balance sheet until rates rise more
Says balance sheet policy should be "subordinate" to rate tightening because its impact on the economy is less well understood
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.