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MNI BRIEF: Brainard Sees Series Of Fed Hikes Starting In March

NEW YORK (MNI)

Federal Reserve Governor Lael Brainard said Friday she anticipates "it will be appropriate to initiate a series of rate increases" with the first coming in March.

"I anticipate it will be appropriate to begin balance sheet runoff at coming meetings, proceed faster than last cycle," she said in Q&A at a Chicago Booth monetary policy conference. "Those things will bring inflation down over time."

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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