September 30, 2022 13:17 GMT
Most focus on Vice Chair Brainard's speech today regards the Fed rate outlook, but not much new here. Otherwise it's notable that Fed members have been talking more and more about global risks from higher US rates / stronger dollar.
- It seems global spillovers were a topic of discussion at the September FOMC, though we'll have to wait until the minutes on Oct 12 to know.
- Brainard's speech is the most extensive yet on the topic in this cycle, and she plays up the lagged and potentially amplified effects of such tightening on both US and global conditions. Some highlights: