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Fed’s Brainard: Global rate hikes may affect financial stability
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Financial Stability, Nonbank Financial
Tuesday, October 11, 2022
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In a speech by Federal Reserve Vice Chair Lael Brainard at a research conference organized by the Federal Reserve Bank of New York, Brainard warned that high inflation and global rate hikes “highlight the importance of paying attention to financial stability considerations for monetary policy.”
She added that actions of individual central banks may have “cross-border spillover” which might affect financial vulnerabilities.
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