Fed's Brainard (voter, dove): retail sales data today certainly caught my eye but it's only one month's data; data does add to story of downside risks - CNBC interview
- Downside risks have definitely increased
- Reiterates expects US growth to be slower y/y
- Downside risks include slower growth in China and Europe, as well as tightening financial conditions
- US underlying growth has been pretty solid but remains attentive to global growth