Fed's Brainard Calls For 'watchful Waiting' In Interview

By Markets MarketWatch Pulse

Federal Reserve Gov. Lael Brainard on Wednesday said the central bank may need to stop lifting interest rates until it gets better clarity on the economy. "Recent developments reinforce the case for watchful waiting," Brainard told The Wall Street Journal. Brainard, who gets a vote at every interest-rate-setting meeting, is known as one of the more dovish members of the Federal Open Market Committee.

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