2015.10.1221:30:12UTC+00Senior Fed official urges delay in raising rates

Federal Reserve Governor Lael Brainard said the US central bank should not rush in increasing interest rates as global risks are clouding the overall US outlook, indicating risk management considerations call for an opportunity to wait if the perils diminish.

Even though the outlook for domestic demand is good, global factors are “weighing on net exports and inflation,” and the foreign risks seemed inclined to the downside,” Brainard added.

Fed officials voted to defer a rate hike to wait for more evidences on how slowing growth in China influences the US outlook.

The official refused to disclose if she favored increasing rates this year or in 2016.