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Additional headlines are crossing the wires from  the Fed Governor Lael Brainard, with key points, via Reuters, found below.

  • Rising oil prices seen taking some disposable income away from U.S. consumers; yet U.S. drilling and mining sectors getting a boost.
  • Global financial-market stress, possible channels to U.S. an important consideration for monetary policy.
  • Valuations still pretty elevated in equity, credit markets; leverage up among riskier corporates but not in financial sector.
  • Conditions not yet risky enough to raise countercyclical capital buffer for U.S. banks