Fed's Brainard: any fiscal expansion could be primarily felt in higher inflation and higher interest rates if they only increase demand in a tightening economy

Market news

2 March 2017

Fed's Brainard: any fiscal expansion could be primarily felt in higher inflation and higher interest rates if they only increase demand in a tightening economy

Credit conditions are as good as they were pre-crisis, with less risk because of greater capital requirements and other regulations
Fed procedures and legal framework ensure continuity between chairs
Levels of leverage and other financial indicators improved since crisis are not "flashing red"

Australian trade balance surplus declined in January

U.S. Attorney General Sessions spoke twice last year with Russian ambassador, encounters he did not disclose at his senate confirmation hearing - Washington Post

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