Fed speak in focus today led by Brainard – BBH

Research Team at BBH, suggests that ahead of the blackout period around the FOMC meeting, three Fed officials will speak on Monday as Atlanta and Minneapolis Fed presidents will be overshadowed by Governor Brainard. 

Key Quotes

“Brainard has been consistently a voice of caution, and has tended to emphasize the international context in which the Federal Reserve operates.  Her speech in Chicago, on the outlook for the economy, will be closely followed.  No change in her stance or tone, could encourage softer yields, a softer dollar and lend support to equities.  On the other hand, any hint that the Fed has been sufficiently cautious, and recognition that the Fed's objective are near would likely see a more dramatic reaction the other way.”