Lael Brainard - Federal Reserve System

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Last quote by Lael Brainard

I am concerned that the recent low readings for inflation may be driven by depressed underlying inflation, which would imply a more persistent shortfall in inflation from our objective. In that case, it would be prudent to raise the federal funds rate more gradually.feedback
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Sep 05 2017
Lael Brainard has been quoted in 23 different articles. Most recently, Lael Brainard has been quoted saying, “I will be looking closely at the evolution of inflation before making a determination about further adjustments to the federal funds rate. We have been falling short of our inflation objective not just in the past year, but over a longer period as well. My own view is that we should be cautious about tightening policy further until we are confident inflation is on track to achieve our target.” in an article called A key Fed official just admitted they whiffed on inflation forecast, meaning next hike further away. This is only one of 43 quotes from Lael Brainard. To see more examples Lael Brainard’s views and opinions, check out the section below. You can filter Lael Brainard's quotes by date and by topic to see, for example, what Lael Brainard said about U.S. recently and in the past.
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Lael Brainard quotes

May 30 2017

It would be reasonable to conclude that further removal of accommodation will likely be appropriate soon. The apparent lack of progress in moving core inflation back to 2 percent is a source of concern.feedback

May 30 2017

The puzzle today is why inflation appears to be slowing at a time when most forecasters place the economy at or near full employment.feedback

May 30 2017

On balance, when assessing economic activity and its likely evolution, it would be reasonable to conclude that further removal of accommodation will likely be appropriate soon. If the soft inflation data persist, that would be concerning and, ultimately, could lead me to reassess the appropriate path of policy. For the first time in many years, we are seeing signs of synchronized economic expansions at home and abroad.feedback

May 25 2017

The global economy is brighter than it has been for the last few years.feedback

Mar 13 2017

Recent developments suggest that the macro economy may be at a transition, full employment within reach, signs of progress on our inflation mandate, and a favorable shift in the balance of risks at home and abroad.feedback

Mar 02 2017

After being an important constraint in the past few years, the external environment currently appears more benign than it has been for some time, even though risks remain. Assuming continued progress, it will likely be appropriate soon to remove additional accommodation, continuing on a gradual path.feedback

Jan 17 2017

If fiscal policy changes lead to a more rapid elimination of slack, policy adjustment would, all else being equal, likely be more rapid.feedback

Jan 17 2017

Full employment is within reach and could prove sustainable with the right policy mix.feedback

Dec 02 2016 - Fintech

There are more serious and lasting consequences for a consumer who gets, for instance, an unsustainable loan on his or her smartphone than for a consumer who downloads the wrong movie or listens to a bad podcast.feedback

Dec 02 2016 - Fintech

Run fast and break things' may be a popular mantra in the technology space. It is ill-suited to an arena that depends on trust and confidence.feedback

Nov 17 2016

For monetary policy, the growth of contingent work affects the way we assess maximum employment and the way we interpret important labor market outcomes, such as the level of part-time employment and aggregate hours worked. The effects on the labor market could be long lasting and significant.feedback

Nov 17 2016

Taking into account the potentially varied effects of the rising prevalence of gig work on household welfare, public policy should strive to maximize the benefits of the greater flexibility and lower entry barriers provided by advances in technology, while addressing the risks that currently accompany many forms of gig employment.feedback

Oct 12 2016 - Bitcoin

We are paying close attention to distributed ledger technology, or blockchain, recognizing this may represent the most significant development in many years in payments, clearing and settlement.feedback

Oct 07 2016 - Blockchain

Potential applications are in their infancy, and the industry may still be several years away from an application that is ready to be fully implemented.feedback

Oct 07 2016 - Blockchain

We recognize the potential of distributed ledger technology, or blockchain, to transform the way financial market participants transfer, store, and maintain ownership.feedback

Sep 12 2016

The case to tighten policy preemptively is less compelling.feedback

Sep 12 2016

The response of inflation to unexpected strength in demand will likely be modest and gradual, requiring a correspondingly moderate policy response.feedback

Sep 12 2016

To reconcile these developments, it is difficult not to conclude that the current level of the federal funds rate is less accommodative today than it would have been 10 years ago.feedback

Sep 12 2016

Foreign consumption and investment are weak, while foreign demand for savings is high, along with an elevated demand for safe assets.feedback

Sep 12 2016

Perhaps most salient for monetary policy, it appears increasingly clear that the neutral rate of interest remains considerably and persistently lower than it was before the crisis.feedback

Sep 12 2016

I believe this approach has served us well in recent months, helping to support continued gains in employment and progress on inflation.feedback

Sep 12 2016

Disinflation pressure and weak demand from abroad will likely weigh on the U.S. outlook for some time, and fragility in global markets could again pose risks here at home.feedback

Sep 12 2016

The institution is designed to ensure independence from the executive branch.feedback

Jun 24 2016

The feedback loop through exchange rate and financial market channels appears to be elevated. Several factors suggest that the appropriate path to return monetary policy to a neutral stance could turn out to be quite shallow.feedback

Jun 03 2016

The fragility of the global economic environment is unlikely to resolve any time soon. Growth in the advanced economies remains dependent on extraordinary unconventional monetary policy accommodation, while conventional policy continues to be constrained by the zero lower bound.feedback

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