Lael Brainard

Fed Governor Jerome Powell recommended a June hike and 2017 balance sheet reductions, in one of the last public speeches by a Fed official before the June FOMC meeting. When the Fed follows Powell’s game plan, we will be in the unchartered…

With two recent Fed governors - Tarullo and Brainard - expressing a need for caution with normalizing Fed policy, I wanted to break down how I tend to think about monetary policy and its affect on resource allocation and private portfolio…