Fed’s Brainard: Global financial-market stress, possible channels to US an important consideration for monpol

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