Fed governor Brainard warns rate rises may be at slower pace

Section:

By Sam Fleming
Financial Times, London
Friday, February 26, 2016

NEW YORK -- Shocks from abroad may lead the Federal Reserve to lift short-term interest rates less than some observers have expected, a senior central banker said amid rising concerns about the pace of global economic growth.

Lael Brainard, a member of the Fed's Board of Governors, said the tightening of financial conditions including the rise in the dollar had already delivered the equivalent of three quarter-point interest rate increases in the United States, as she argued the central bank needed to "nurture" the recovery by being "very cautious" with its guidance on rates. ...

... For the remainder of the report:

http://www.ft.com/intl/cms/s/0/44295d22-dccc-11e5-8541-00fb33bdf038.html



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