- Fed Governor Brainard: Trade is a downside risk to the U.S. economy
Market news
5 June 2019
Fed Governor Brainard: Trade is a downside risk to the U.S. economy
- We will be prepared to adjust policy to sustain growth
- Our job is to sustain the expansion
- International economy is a delicate place
- US economy is in the midst of a very lengthy expansion, with confident consumers
- There is no destination point for full employment
- Watching payroll closely but no signal from one month
- Economy is bringing people back to the workforce
- Interest rates are likely to be lower than what people are expected to in previous downturns. Have to be open-minded about other policies
- She does not see negative interest rates being a useful part of Fed's arsenal
- We have not hit 2% inflation on a sustainable basis.
- Fed is committed to the 2% sustained, symmetrical inflation goal
- Fed must avoid slippage in inflation expectations
- Says she is concerned about policies whittling away at core resilience of banking system
- Notes risky corporate borrowers have taken a lot of debt in this recovery
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page