Fed's Brainard says U.S. economic slowdown may be more than temporary

The U.S. economy's recent poor performance may be more than transitory, as the full impact of weak consumer spending, low investment and the high value of the dollar become apparent, Federal Reserve board member Lael Brainard said on Tuesday. "It would be difficult...to dismiss the possibility of a more significant drag on the economy," Brainard said in a speech at the Center for Strategic and International Studies at which she indicated a rate hike may still be a ways off. "