Fed’s Brainard: Policy Taking Hold on Economy, with Full Impact Still Months Ahead

Reuters, Oct. 10, 2022–Howard Schneider, Ann Saphir
Tighter U.S. monetary policy has begun to be felt in an economy that may be slowing faster than expected, but the full brunt of Federal Reserve interest rate increases still won’t be apparent for months, Fed Vice Chair Lael Brainard said Monday.