Board of Governors of the Federal Reserve System

Market: What Are We Learning? Governor Lael Brainard At "The Evolving ...Jackson Hole, Wyoming 7/19/2018 Introductory Remarks Watch Live Vice Chairman

global dollar funding markets from spilling over into domestic markets...market in the world and the bedrock of the global financial system—was

and/or attendant forms of risk taking. This risk-taking could reflect ...and, indeed, the response of asset prices is an important channel of monetary

and, more generally, the public interest. The Federal Reserve ■ conducts...economy—and can do so even when hit by adverse events, or “shocks.” Consistent

market economies, but since then, the global financial crisis and, more...the costs to society in terms of deviations from price stability and full

markets, easing licensing and administrative burdens, opening previously...Global Financial Crisis, and investment and exports have rebounded. Product

coverage in the financial press, but a Reuters wire service story titled...Global Financial Crisis and its aftermath to guide us. Our obligation

and their currencies to appreciate against the dollar. At the same time...and of ours, in particular. Some EME critics argued that U.S. policy accommodation

context, the appropriate reference for assessing the stance of monetary...context for how we might assess policy, I will turn to some observations

global risk outlook was also helped by the continued economic progress...and, in some cases, has turned moderately expansionary. Overall euro-area