While you were sleeping: Brainard eases hike fears 

Mon, 12 Sep 2016

By Margreet Dietz Sept. 13 (BusinessDesk) - Wall Street climbed after comments by US Federal Reserve Governor Lael Brainard bolstered bets the central bank won’t raise interest rates next week. “In today's new normal, the costs to the economy of greater-than-expected strength in demand are likely to be lower than the costs of significant unexpected weakness,” Brainard said in prepared remarks for a speech in Chicago. “This asymmetry in risk management in today's new normal counsels prudence in the removal of policy accommodation counsels...

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