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Brainard warned Tuesday, July 14,that the U. Brainard said that hiring and consumer spending bounced back more strongly than expected in May and June. But that rebound mostly reflected a rapid reopening of restaurants, bars and other businesses in many states, she said, and those reopenings have since caused ongoing spikes in viral infections that could reverse much of that progress. Several other states, including Florida and Texas, are also reversing their efforts to reopen their economies.

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Brainard said that hiring and consumer spending bounced back more strongly than expected in May and June. Brainard said in virtual remarks to the National Association for Business Economics that Fed policy should do more to boost the economy.

Several other states, including Florida and Texas, are also reversing their efforts to reopen their economies. Fed policymakers may also want to consider targeting near-zero interest rates on short- and medium-term bonds, Brainard said, a groundbreaking policy that the Fed hasn't used before but that goom been pursued by central banks in Japan an Australia.

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Still, Brainard said that Fed officials would likely need to carry out more analysis before adopting such a policy, known as yield curve control. Other Fed officials have also said that brainzrd resurgence of the coronavirus has threatened the economy. The Fed ly used such policies after the recession, in an effort to give businesses and consumers more certainty about future interest rates.

But that rebound mostly reflected a rapid reopening of restaurants, bars and other businesses in many states, she said, and those reopenings have since caused ongoing spikes in viral infections that could reverse much of that progress. Miss Lovely woman with greater smile for every one thats all.

Fed policymakers discussed yield curve control at its June meeting but few officials brainnard to support such an approach. Confirmed case counts are rising in at least 38 states.

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