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Brainard said she expects methodical interest rate increases and rapid reductions to the Fed’s balance sheet to bring U.S. monetary policy to a “more neutral position” later this year.
At 10:23 a.m. ET, the Dow Jones Industrial Average was down 44.19 points, or 0.13%, at 34,877.69, the S&P 500 was down 22.28 points, or 0.49%, at 4,560.36, and the Nasdaq Composite was down 187.81 points, or 1.29%, at 14,344.74.
