FXStreet (Guatemala) – Lael Brainard, voting member of the FOMC, is speaking on the Lower Neutral Rate and its Implications for Monetary Policy at the Stanford Institute for Economic Policy Research Associates Meeting.
So far she has said the following, taken from Reuters:
Need gradual, cautious approach to policy adjustment
Once interest rate rises start, must assess effects on economic and financial conditions
Neutral interest rate is likely to remain low for some time
Weak growth abroad pushes up on dollar, down on neutral interest rate
Delayed liftoff, shallower rate hike path needed to offset impact of stronger dollar on US jobs
Spillover from abroad limits Fed’s ability to raise rates as other central banks do not
Lower US potential economic growth also pushes down on neutral interest rate
Decline in measures of inflation expectations warrants close monitoring
(Market News Provided by FXstreet)