Fed's Brainard Preaches 'Prudence' in Tightening Policy

Lael Brainard emphasizes the need for continued prudence in economic policy, highlighting progress towards the Federal Reserve's inflation goals and the persistence of low neutral interest rates. She maintains a dovish stance, arguing against preemptive tightening and focusing on downside risks. Brainard notes progress in the economy, particularly in the stabilization of oil and the US dollar, and stresses the importance of not hindering labor market gains as the economy moves towards full employment.

What does Brainard imply about the risks associated with the current economic policy?

What is Brainard's stance on the labor market and rate hikes?