The Latest Breaking News from Lael Brainard

President Joe Biden plans to name Federal Reserve Vice Chair Lael Brainard as the new director of his National Economic Council

WASHINGTON — President Joe Biden has decided to name Federal Reserve Vice Chair Lael Brainard as his top economic adviser, with an announcement coming as soon as Tuesday, people familiar with the matter said.

Washington (AFP) - US interest rates will need to remain high for some time even as inflation eases, Federal Reserve Vice Chair Lael Brainard said Thursday, vowing the central bank plans to "stay the course" in fighting price increases.

Federal Reserve Vice Chair Lael Brainard noted Thursday that recent reports show high inflation in the United States is cooling and suggested it was possible that price acceleration may cool without causing significant job losses

While the Fed has indicated a slowdown in rate hikes ahead, inflation expectations for the upcoming year have increased. With industry leaders warning of a recession in the near future, fundamentally strong dividend-paying stocks Microsoft (MSFT), The Mosaic (MOS), and Bluegreen Vacations Holding (BVH) might be worth owning now. Read…

Australian stocks ended in the red as Wall Street assesses where official US interest rates are going, and the Reserve Bank says its has suffered reputational damage over interest rate forecasts. CBA makes multi-billion dollar first quarter profit.

Federal Reserve Vice Chair Lael Brainard said she was encouraged by last week’s U.S. inflation report, which pointed to slower price increases, and said the Fed would likely soon reduce the size of its interest rate hikes

Washington (AFP) - It likely will be "appropriate soon" for the US central bank to slow the pace of interest rate increases, Federal Reserve Vice Chair Lael Brainard said Monday.

Experts say raising rates ‘isn’t working’ and that the real culprits are corporate pricing, energy costs and supply chain