Brainard on CNBC
- Weakness started in China but numbers now softening in Europe
- Foreign growth has slowed
- Financial conditions have also tightened
- I'm very attentive to the global outlook
- Underlying domestic growth has been solid
- We need to take into account 'big downdraft' in foreign growth
- The Fed is in a good place today, I'm comfortable waiting and learning
- I don't want to assign odds to a cut or a hike
- Balance sheet normalization should probably come to an end this year, in my view
- Our focus is making sure we hit 2% inflation target
Halting the unwind in the balance sheet this year would be a surprise, that's a dovish shift.
