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Brainard joins Fed chorus warning about fiscal stimulus risks
January 18, 2017 by elegant · Leave a Comment
A leading Federal Reserve proponent of low interest rates said on Tuesday the U.S. central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic boost. “If fiscal policy changes lead to a more rapid elimination of slack, policy adjustment would, all else being equal, likely be more rapid,” Fed Governor Lael Brainard said at an event…
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Brainard joins Fed chorus warning about fiscal stimulus risks