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There is some spec edition of when the speech was announced and publicized, Lael Brainard might later foundation for a rate hike in september. Does not appear she has done that. In the speech she gave and the q a to follow, she talked a lot about doing away with the old normal and looking to the new normal, sane policy must rely less on the old normal as a guidepost, noting that you have to be forwardlooking and acknowledge that inflation has undershot the fed target of 2 for 51 straight months, and also giving indication that she does not believe that the u. S. Economy is at full employment yet, saying perhaps there is more slack yet. A line that stood out to me is in the presence of uncertainty and accelerating inflationary pressures, it would be unwise for policy to foreclose on the possibility of further gains in the market. Vonnie entirely not what we would have anticipated but there were a lot of people speculative she turned slightly hawkish. Wage inflation in particular, saying

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