Fed Governor Lael Brainard wants to see how the economy is performing before making changes on monetary policy.
She says the issue could have impact on determining interest rates and cause systemic financial damage.
Japanese-style interest rate caps are drawing interest from global central bankers worried about a downturn, including U.S. Federal Reserve officials.
The remarks echoed those from Fed Chairman Jerome Powell who said he is watching the impact the trade war is having on the economic outlook.
CNBC's Steve Liesman sits down with Lael Brainard, Federal Reserve Governor, to react to weaker than expected retail sales data, the possibility of rate hikes, the global economy and more.
Lael Brainard, Federal Reserve governor, joins CNBC's Steve Liesman to react to weaker than expected retail, what she sees as mounting downside risks, and slowing economic growth.
Railing against inequality is a pertinent message, but scholars also warn that the gap between the rich and poor can lead to bigger issues.
Stocks fell on Wednesday as losses in tech and AT&T shares outweighed a post-earnings bounce in Boeing.
The Dow Jones Industrial Average fell Wednesday in volatile trading after a summary of the Federal Reserve's most-recent meeting showed the central bank was leaning toward more rate hikes moving forward.
CNBC's Steve Liesman reports that Lael Brainard, a member of the U.S. Federal Reserve's Board of Governors, said that continued gradual rate hikes could continue and that the fed could hike rates above neutral.
Federal Reserve Chair Jerome Powell's top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months.
There's a growing anticipation that Fed Chairman Jerome Powell will remove the restriction of raising rates only at quarterly meetings and start holding news conferences after each of the eight meetings the FOMC holds each year.
Global worries over an emerging "trade war" pose an uncertainty for the Federal Reserve, officials said Wednesday.
The Fed's Dudley cited "temporary, idiosyncratic factors" for weak prices and said "gradually" removing stimulus was still appropriate.
The Fed shouldn't wait until it reaches its economic goals before tightening monetary policy, Cleveland Fed President Loretta Mester said.
The Fed is getting more dovish in the face of weak inflation data, reducing the likelihood of a third rate hike this year, which traders already see as very unlikely.
Stocks in Asia declined on Wednesday as investors remained jittery about North Korea.
The market is focusing on inflation, but it's missing other signs a rate hike could happen sooner than it expects, Mohamed El-Erian said.
A Fed governor suggests the central bank will make an important shift in how it will approach rate hikes.
Lael Brainard is a member of the U.S. Federal Reserve's Board of Governors and a voting member of the Fed's policy-setting committee.