Name: Lael Brainard

Summary: Fed’s Brainard Makes Case for ‘Watchful Waiting’: "Federal Reserve governor Lael Brainard thinks there are strong reasons to go slowly on further interest-rate increases... Her concern is that stresses in emerging markets including China and slow growth in developed economies could spill over to the U.S. “This translates into weaker exports, business investment and manufacturing in the United States, slower progress on hitting the inflation target, and financial tightening through the exchange rate and rising risk spreads on financial assets,” Ms. Brainard said Monday in response to questions from The Wall Street Journal. “Recent developments reinforce the case for watchful waiting,” she said."

Lean: Dovish

Substantially Similar to Prior Statements: No

Statement Date: February 1, 2016

Publication Date: February 3, 2016

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