Comments from Federal Reserve governor Brainard, in the Q&A following her earlier speech

Headlines from the speech are here

More now:

  • We've been observing lack of demand over last few years
  • Financial stability is important part of Fed thinking

(She must have been reading ForexLive on her phone while taking questions)

  • Fed has more tools now to counter stability risks
  • Cautious about nurturing the recovery
  • Fed can benefit from studying negative rate experience
  • 2% inflation is a target, not a ceiling for policy
  • Important for Fed to take market views into account

("Hi, I'm Lael Brainard from the Federal Reserve and I'll be your server today" ... Perception, meet Reality.)

  • Best Fed can do is communicate clearly on policy

Headlines on Bloomberg

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Take note ... another comment from a Fed official on negative rates ... another ... We've had a few comments on negative rates now.