Federal Reserve Governor Lael Brainard noted on Tuesday that there are some signs of stretched asset valuations but added that they are not broad-based, as reported by Reuters. Brainard further added that she expects a transitory increase in inflation above 2%.
Additional takeaways
“Fed sticks close to its mandate but that mandate for maximum employment has important implications for social equity”
“Paying closest attention to market valuations, speed of changes in bond markets last week caught my eye.”
Market reaction
These comments don’t seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was down 0.14% on a daily basis at 3,896 and the Dow Jones Industrial Average was rising 0.1% at 31,570.
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