Central Banks
Brainard Says Fed Should Probably ‘Soon’ Slow Pace of Rate Hikes
- ‘We’ve done a lot but we have additional work to do’: Brainard
- Fed vice chair speaks at Bloomberg event in Washington
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Federal Reserve Vice Chair Lael Brainard said the central bank should soon moderate the size of its interest-rate increases, signaling she favors slowing to a half-point hike as early as next month.
“It will probably be appropriate soon to move to a slower pace of increases,” Brainard said Monday in a fireside-chat event at Bloomberg’s Washington bureau. “But I think what’s really important to emphasize: We’ve done a lot, but we have additional work to do.”