In an interview with Yahoo Finance, Fed Governor Lael Brainard said that they were prepared to adjust the monetary policy to sustain expansion.
Key quotes
- Economy is in the midst of a very lengthy expansion, with confident consumers, but trade conflict is a downside risk.
- Trade conflict is a downside risk to U.S. economy.
- International economy is in a delicate place.
- There is no destination point for full employment; economy is bringing people back into the workforce.
- Will pay close attention to payrolls number for signs of labor market health.
- Interest rates likely to be lower than what people were accustomed to in previous downturns, have to be open-minded about other policies.
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