CNBC, February 14th, 2019: Fed Gov. Brainard sees ‘downside risks’ increasing, says balance sheet runoff should end this year
Federal Reserve Governor Lael Brainard said Thursday she’s growing more concerned about economic growth, particularly the impact that the global slowdown will have on the United States.
Speaking the same morning that U.S. retail sales numbers came up well short of market expectations, the central bank policymaker said she’s watching the developments in an economy that has otherwise looked strong.
“Downside risks have definitely increased relative to that modal outlook for continued solid growth,” she told CNBC’s Steve Liesman during a “Squawk on the Street” interview.
