Comments from Lael Brainard, a Federal Reserve Governor
- Says there's a puzzle in labor market in terms of what wages say about slack
- Other puzzles include suppressed employment to population ratio
- There is still some room to go in terms of labor market slack
- It would be prudent to maintain fed's balance sheet at current level, continue reinvestments
- Says there is room to respond, both with rates and balance sheet, if inflation rises faster than expect
Headlines via Reuters
Earlier from Brainard: Fed's Brainard: Delayed liftoff, shallower rate hike path needed
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I don't know about you all ... but these comments, and earlier, from Brainard are not indicative that she wants to vote for a December 'lift off' rate hike according to my reading of them
USD is not doing a real lot though
