Fed's Lael Brainard: Policy taking hold on economy, with full impact still months ahead – by fx_ross Fed DollarIndex CentralBanks
Reuters reported that the Federal Reserve Vice Chair Lael Brainard said in a speech on Monday that tighter US monetary policy has begun to be felt in an economy that may be slowing faster than expected. She said, however, that the full brunt of Federal Reserve interest rate increases still won't be apparent for months
With foreign central banks all pulling in the same direction towards higher rates to fight inflation, she said, "the moderation in demand should be reinforced" even further. "In this environment, a sharp decrease in risk sentiment or other risk event that may be difficult to anticipate could be amplified, especially given fragileStill "monetary policy will be restrictive for some time to ensure that inflation moves back to target over time," Brainard said.
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