Brainard takes questions after her speech
- Uncertainty is unusually high
- Recovery will face headwinds for some time
- We expect financial markets to be forward looking. A decoupling isn't unusual
- Some of the greatest impacts in the economy are hitting small business and that's not well-reflected in indexes of large stocks
- Cost-benefit of negative rates not attractive in the US
- It is possible for us to further strengthen the recovery via asset purchases but core will be forward guidance. We can further reinforce that with balance sheet policy and possibly targeting the shorter end of the yield curve
Watch her live here:
