Fed’s Brainard counsels patience on interest rates
Warns there could be ‘some distance to go’ before reaching full employment
Lael Brainard questioned the extent of progress toward the Federal Reserve's objectives on October 12, cautioning the Fed against "prematurely" removing support for the US economy.
Brainard, a Fed governor, acknowledged the continued improvement in the labour market, but warned there "may be some distance to go" before achieving full employment. One of her main concerns is the lack of wage inflation.
She also cast doubt on the extent to which further improvements in the labour market would boost
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