Lael Brainard is on the Fed's Board of Governors
Headlines from remarks prepared for delivery to the Community Bankers Roundtable in Scranton, Pennsylvania:
- says downside risks, soft inflation argue for easing monetary policy
- says judgment on appropriate path of rates will depend on evolution of data, risks
- says economy is growing solidly
- says financial markets supportive of growth
- says capital spending is lackluster, business sentiment soft
- business sentiment, investment are sensitive to trade, global outlook uncertainty
- says downside risks, if they materialize, could weigh on economic activity
- says she's mindful that financial imbalances are growing, should address with countercyclical capital buffers, stress tests, monitoring of leveraged lending
-
The Fed rate cut call bandwagon rolls on.