FOMC’s Brainard: Fed may need to raise rates in near future

Lael Brainard, FOMC

Lael Brainard, a member of the US Federal Reserve's board of governors and a voting member of its policy committee, has said the Fed might have to further tighten its policy rates in the near future.

"Assuming continued progress" in the economy, it would "likely be appropriate soon to remove additional accommodation, continuing on a gradual path", argued Brainard, who has been one of the most consistently dovish voices on the Federal Open Market Committee (FOMC) in recent years. The US economy "