Fed's Brainard: Prepared to adjust policy to sustain expansion

In an interview with Yahoo Finance, Fed Governor Lael Brainard said that they were prepared to adjust the monetary policy to sustain expansion.

Key quotes

• Economy is in the midst of a very lengthy expansion, with confident consumers, but trade conflict is a downside risk.
• Trade conflict is a downside risk to U.S. economy.
• International economy is in a delicate place.
• There is no destination point for full employment; economy is bringing people back into the workforce.
• Will pay close attention to payrolls number for signs of labor market health.
• Interest rates likely to be lower than what people were accustomed to in previous downturns, have to be open-minded about other policies.