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.