Lael Brainard is a member of the Board of Governors of the Federal Reserve System, in the Q&A now

  • Says reality is labor market strength has outstripped what most researchers see as steady state
  • Says have seen a bit of stalling out on core inflation
  • Says it is a question if US is at full employment yet
  • Credit is flowing and it has been for some time

Headlines via Reuters

More:

  • Fed looked carefully at sub-prime auto loans