More Fed Brainard: Rise in yields is consistent with tightening path

Federal Reserve Board of Governors member Lael Brainard

• Says she considers financial conditions for her outlook
• global factors impacting the long end of the yield curve
• Shift to tailwinds is an important consideration for monetary policy
• Continued gradual Fed rate hikes likely warranted

I posted B's earlier remarks here:

• Fed's Brainard: 'Headwinds shifting to tailwinds,' ready to slow or quicken rate hikes

And noted this consistent dove is sounding a touch more hawkish.

More:

• Credit spreads have been very tight
• Household leverage remains relatively modest
• Leverage in core banking system well contained