Fed's Brainard: Ready to start shrinking balance sheet
|Lael Brainard, a member of the Board of Governors of the Federal Reserve, recently crossed the wires speaking at University Club, NY, with the key quotes, via Reuters, found below:
- Ready to start shrinking balance sheet
- Fed should make clear it’s comfortable with pushing inflation modestly above target
- Should be cautious on rate hikes due to long period of low inflation
- Concerned recent low price readings due to depressed underlying inflation
- Few signs of dangerous financial asset bubbles
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