Cautious messages from the Fed's number 2

Fed Vice Chair Lael Brainard, unlike the Fed members who previously gave hawkish messages, stated that she is also closely monitoring global risks and gave more cautious messages. Fed Vice Chair Lael Brainard made a speech that could be considered cautious in the face of the hawkish statements of the Fed members recently. Speaking at the annual meeting of the National Association for Business Economics in Chicago, Brainard stated that the global risks created by interest rate hikes should be monitored and emphasized that weakening external demand could negatively affect the US. Brainard, who stated that the effects of the cumulative tightening implemented by the Fed could be seen with a delay, said, “We are seeing the effects in some areas, but it will take time for the cumulative tightening to be reflected in the economy as a whole and to bring inflation down. There is a high degree of uncertainty. I am closely monitoring global risks as the economic outlook evolves.” Chicago Fed President Charles Evans also stated at the same conference that the level at which the Fed will stop interest rate hikes should be reached as soon as possible, and that there is serious uncertainty about where this level will be.