Two Fed Presidents Signal Caution on Rate Hikes, But Not Until the Damage is Done

A Meaningless Caution: The Wall Street Journal reports Two Fed Officials Make Case for Caution With Future Interest Rate Raises. OK, but look at their rationale and the timeframe, emphasis mine. – Fed Vice Chairwoman Lael Brainard noted how previous rate increases, together with anticipated further rate increases, will slow the economy in ways that can’t be observed yet during a speech Monday at a conference of business economists in Chicago.