Brainard says Federal Reserve monetary policy can ‘lean against the wind’
Fed could use monetary policy to guard against financial risks
The Federal Reserve could in future use its monetary policy to "lean against" the build-up of risks in the financial system, according to Lael Brainard, a member of the Fed's board of governors.
Monetary policy could be a "far-reaching", if "blunt" tool for tackling financial risks throughout the US economy, Brainard said, in a speech delivered at the Brookings Institution in Washington, DC.
"The Federal Reserve may consider monetary policy for financial stability purposes more readily than some
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