Latest Lael Brainard News

Text of the Fed's statement after its meeting Wednesday

Dec. 11, 2019 2:41 PM EST

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in October indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been...

In this Nov. 19, 2019, photo James Bullard, president of the St. Louis Federal Reserve Bank, listens during an interview in Richmond, Va. (AP Photo/Steve Helber)

How a central banker’s low-rate shift showed the way for Fed

Nov. 29, 2019 11:17 AM EST

RICHMOND, Virginia (AP) — In mid-2016, even with unemployment falling and the economy growing modestly, James Bullard, head of the St. Louis Federal Reserve Bank, was concerned. Months earlier, with Bullard’s support, the Fed had raised rates for the first time in seven years. Panicky financial...