Brainard's speech is here: Fed's Brainard: Rate hike will likely be appropriate soon

More now, audience Q .... Brainard A:

  • Any fiscal expansion could be primarily felt in higher inflation and higher interest rates if they only increase demand in a tightening economy
  • Levels of leverage and other financial indicators improved since crises are not flashing red
  • Credit conditions are as good as they were pre-crises, with less risk because of greater capital requirements and other regulations

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Lael Brainard is a member of the Federal Reserve's Board of Governors and as such has a vote at the FOMC