Fed governor Lael Brainard says the slowing global economy and other factors underscore the need for fewer rate increases than expected earlier
PRINCETON, N.J.—A top Federal Reserve official said Thursday a slowing global economy, risks to U.S. growth and uncertainty over the outlook bolster the case for fewer interest-rate increases than she had previously expected, adding any decision the Fed makes on monetary policy lies months down the road.
In a major adjustment to her outlook, Fed governor Lael Brainard said there appear to be more risks that the U.S. economy will underperform her expectations than exceed them.
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