Fed’s Lael Brainard Warns on Inflation, Financial Stability Risks

 Fed Vice Chairwoman Lael Brainard said it would take time for policy tightening to take full effect.

Ms. Brainard devoted most of her speech to financial stability risks that central banks around the world could face as they raise rates rapidly, especially as many countries face very high inflation.

They may face added pressure to raise rates to prevent their currencies from depreciating as the Fed and others lift borrowing costs.

WSJ 30 September 2022

https://www.wsj.com/articles/feds-brainard-warns-on-inflation-financial-stability-risks-11664542846

15 years on from the great financial crisis, there’s still plenty of risk in the market

https://englundmacro.blogspot.com/2022/09/15-years-on-from-great-financial-crisis.html