{"id":1681923,"date":"2022-10-10T13:53:38","date_gmt":"2022-10-10T17:53:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1681923"},"modified":"2022-10-10T13:53:50","modified_gmt":"2022-10-10T17:53:50","slug":"feds-brainard-policy-taking-hold-on-economy-with-full-impact-still-months-ahead","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/feds-brainard-policy-taking-hold-on-economy-with-full-impact-still-months-ahead\/","title":{"rendered":"Fed\u2019s Brainard: Policy taking hold on economy, with full impact still months ahead"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffeds-brainard-policy-taking-hold-on-economy-with-full-impact-still-months-ahead%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1681923&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Howard Schneider and Ann Saphir<\/p>\n<p>CHICAGO (Reuters) \u2013     Tighter U.S. monetary policy has begun to be felt in an economy that may be slowing faster than expected, but the full brunt of Federal Reserve interest rate increases still won\u2019t be apparent for months, Fed Vice Chair Lael Brainard said Monday.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>\u201cOutput has decelerated so far this year by more than anticipated, suggesting that policy tightening is having some effect\u201d in sectors like housing that are directly influenced by borrowing costs for home mortgages, Brainard said in comments prepared for delivery to a National Association for Business Economics conference. \u201cIn other sectors, lags in transmission mean that policy actions to date will have their full effect on activity in coming quarters, and the effect on price setting may take longer.\u201dWith foreign central banks all pulling in the same direction towards higher rates to fight inflation, she said, \u201cthe moderation in demand should be reinforced\u201d even further.<\/p>\n<p>There are indications U.S. consumers have spent down household balances faster than previously estimated, presaging a possibly subdued pace of consumer spending, she said.<\/p>\n<p>\u201cI now expect that the second-half rebound will be limited, and that real (gross domestic product) growth will be essentially flat this year,\u201d Brainard said. <\/p>\n<p>Still, the Fed vice chair gave no indication that economic weakness was at a point where it would change Fed plans to continue raising interest rates.<\/p>\n<p>\u201cUncertainty remains high, and I am paying close attention to the evolution of the outlook as well as global risks,\u201d that could stress financial markets  Brainard said. \u201cIn this environment, a sharp decrease in risk sentiment or other risk event that may be difficult to anticipate could be amplified, especially given fragile liquidity in core financial markets.\u201d <\/p>\n<p>Still \u201cmonetary policy will be restrictive for some time to ensure that inflation moves back to target over time,\u201d Brainard said. \u201cIn light of elevated global economic and financial uncertainty, moving forward deliberately and in a data-dependent manner will enable us to learn how economic activity, employment, and inflation are adjusting.\u201d <\/p>\n<p> (Reporting by Howard Schneider; Editing by Andrea Ricci)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/feds-brainard-policy-taking\/attachment\/file-photo-u-s-senate-banking-committee-hearing-on-capitol-hill\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI990WU-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI990WU-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Howard Schneider and Ann Saphir CHICAGO (Reuters) \u2013 Tighter U.S. monetary policy has begun to be felt in an economy that may be slowing faster than expected, but the<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1681923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1681923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1681923"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1681923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1681923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1681923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1681923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}