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Wednesday, November 20, 2019

Fed's Brainard: Time needed to assess effect of rate cuts

(Reuters) - Federal Reserve Governor Lael Brainard said Wednesday she would like to wait and see how the interest rate cuts made this year ripple through the economy before making further changes to monetary policy.

"The committee has made a pretty substantial adjustment in the path of rates over the past few meetings," Brainard said on CNBC. "It will take some time to see that work through the economy so I certainly want to monitor and assess how the economy is reacting to those cuts."

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