Fed's Brainard: No comments on monetary policy

In her speech titled, "Why Persistent Employment Disparities Matter for the Economy's Health," Fed Governor Lael Brainard didn't deliver any remarks on the monetary policy outlook.

Key quotes:

• Price inflation is likely to be less informative regarding labor market tightness than it was previously.
• Seems particularly valuable to look beyond inflation and headline unemployment to assess the strength of the labor market.
• Some research suggests that widening income and wealth inequality may damp consumer spending in the aggregate, as the wealthiest households are likely to save a much larger proportion of any additional income they earn.