Oh no, don't tell me the Fed has come with another catchy phrase ... "Watchful waiting". Cute.
Bloomberg with the headline
More detail from the Journal:
Federal Reserve governor Lael Brainard
- Wants to go slow on further hikes
- "Recent developments reinforce the case for watchful waiting"
- Cites stress in EM, China
- Slow growth in DM
- Could spill over to the U.S.
"This translates into weaker exports, business investment, and manufacturing in the United States, slower progress on hitting the inflation target, and financial tightening through the exchange rate and rising risk spreads on financial assets."
Brainard speaking in response to questions from The Wall Street Journal
