Brainard Says Prudence Warranted as Hiking Rates Poses Risks
- Governor’s speech marks final Fed commentary ahead of FOMC day
- She sees gradual progress in inflation and employment data
Fed's Brainard Urges 'Prudence' in Removing Accommodation
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Federal Reserve Governor Lael Brainard counseled continued prudence in tightening monetary policy, even as she said the economy is making gradual progress toward achieving the central bank’s goals.
“The case to tighten policy preemptively is less compelling” in an environment where declining unemployment has been slow to spur faster inflation, Brainard Monday, according to the text of her prepared remarks in Chicago. She made no reference to a specific meeting of the policy-setting Federal Open Market Committee.