GETTING THE BALANCE SHEET INTO THE POLICY MIX

Why the 'tourist thinks Brainard's comments are a big deal

I wanted to get out a quick note about Federal Reserve Governor, Lael Brainard’s comments.

Although we get speeches from FOMC board members all the time, remember that Brainard is the second-in-command. It’s likely safe to assume she is speaking for Powell, so her comments should be weighted more heavily than other Fed chatter.

There is no doubt the Fed h…