[Former Fed Vice Chair Brainard: Hawkish Rate Cut Likely if Attending Meeting] Former Federal Reserve Vice Chair Brainard stated that if she were to attend the upcoming FOMC meeting, she might opt for a hawkish rate cut. Brainard noted that in the absence of official data, she would refer to non-governmental data such as ADP and RevelioLabs, which indicate a reduction in employment. Considering the Fed's aim to avoid an economic downward spiral leading to more layoffs, Brainard leans toward cutting rates once more, then maintaining them, while committing to bringing inflation down to 2% within the next two years.