No rate hike - Lael Brainard In the last public utterances from a Fed official prior to next week's FOMC meeting, Lael Brainard warns against moving too quickly on rate hikes.
She notes "undershooting inflation," and evidence of greater labor market slack than previously anticipated.
Policy, she says, should be tilted somewhat in favor of guarding against the risk of preemptively raising rates.
Brainard has leaned decidedly dovish since coming to the Fed from Treasury, and she's apparently on the short list for Treasury Secretary in a Clinton administration, so today's comments shouldn't be taken in that context