Brainard: "Inflation is very high in the United States and abroad, and the risk of additional inflationary shocks cannot be ruled out." wsj.com
Brainard flags financial stability concerns:
• Bigger debt-service burdens in jurisdictions w/ high corporate or sovereign debt levels
• Deleveraging dynamics and "de-risking" by financial intermediaries as risk premia rise
• Shallow market liquidity amplifying adverse shocks
• Bigger debt-service burdens in jurisdictions w/ high corporate or sovereign debt levels
• Deleveraging dynamics and "de-risking" by financial intermediaries as risk premia rise
• Shallow market liquidity amplifying adverse shocks
Loading suggestions...