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videos | IST

Trade situation leads to economic outlook uncertainty, says US Fed Governor

As rising US yields continue to weigh on the markets and tech stocks drag Wall Street lower, CNBC caught up with the US Fed Governor, Lael Brainard who believes that inflation is just beginning to move towards the target, but lays down other risks to the economy.
Brainard said we have seen the addition of a substantial fiscal stimulus in recent months and that kind of sizeable stimulus at this point of the cycle is unusual.
“Around the world different countries are looking over their shoulders at different risks and trade is one that affects everybody,” she said.