Fed’s Brainard: Outlook is consistent with gradual hikes

Brainard comments on CNBC

• Economic outlook is quite solid
• Inflation moving towards target is encouraging
• US job market continues to tighten
• There are risks on the horizon, we need to be on guard
• We are seeing synchronized growth around the world
• So far we’ve seen growth coming in a little softer
• Rising commodities reflect global demand
• Outlook is for continued solid growth

There’s one little caveat on growth but she’s largely upbeat. The US dollar hasn’t really reacted but if anything, this is another sign that a hike in June is coming and more are expected later.