Lael Brainard is a Governor of the Federal Reserve System; she spoke earlier today (late US time):
- Fed's Brainard: Quite likely rates rise above predicted 'neutral' level in coming years
- More from Fed's Brainard: Gradual rate increases are appropriate
- Fed's Brainard: Monitoring extreme volatility of cryptocurrencies
In part, Brainard warned:
- High asset prices and growing economic pressure from U.S. fiscal stimulus mean financial markets may be particularly vulnerable to an unexpected shock,
That is via Reuters run-down: Fed watching for financial shocks as risks build: Brainard
For more,
Bloomberg:
and the (gated) Wall Street Journal :
- Fed's Brainard Says Fiscal Stimulus Could Raise Risks of Financial Imbalances
Central bank governor says she sees risks to the broad financial system remained as 'moderate'
