Lael Brainard

I was reading something this morning about Fed Governor Lael Brainard recommending monetary and fiscal support to stop a K-shaped outcome where the less well-off lose and the most well-off win. “This strong support from monetary policy - if…

Back on March 1st, I told you to think of "Lael Brainard as the catalyst for Fed regime shift". Here's why: Back in late 2015, she and Fed Governor Dan Tarullo expressed caution about raising interest rates. And as the Fed increased the Fed…

The macro data are good enough for the Fed to dismiss economic concerns for adding a hike in December. The market is only pricing in this hike at 33.2%.

I have talked a decent bit about the jobs report in my last two posts here. So I want to say more about what the information in that report says to Fed members, given recent Fed guidance and speeches. I am going to lean heavily on comments…

Last week, Lael Brainard gave an important speech on financial stability. In effect, she said the Fed is likely to require increased capital buffers in the future. The key to if and when is in how large mitigating factors are in keeping…

We should look to the ECB more than the Fed now. The market has anticipated the Fed move. The ECB, SNB and BOJ moves are yet to come.

Federal Reserve Governor Lael Brainard has given a defining speech that marks a regime shift in US monetary policy. She says that economic headwinds that favored caution have turned to tailwinds. The implication is a more aggressive…

A speech by Lael Brainard on economic headwinds turning to tailwinds suggests a regime shift is at hand at the Fed. Meanwhile, US President Trump is expected to announce tariffs on steel and aluminum. Mexico has already said it would…

Three years ago, the Fed had begun tightening and all other central banks were still on easy street. Now, we are at an inflection point where other central banks are likely to tighten more than the Fed. That’s negative for the US dollar and…

Below are some data points from recent credit statistics and analyses, showing trends in the auto credit sector.