Federal Reserve Governor Lael Brainard counseled continued prudence in tightening monetary policy, even as she said the economy is making gradual progress toward achieving the central bank’s goals.

Federal Reserve Governor Lael Brainard has just released a post-crisis monetary policy manifesto aimed at defusing any urgency to raise interest rates. For this month at least, the Federal Open Market Committee might agree.

Federal Reserve Bank of Atlanta President Dennis Lockhart will step down on Feb. 28 after 10 years in the job, as required, creating a vacancy in the senior ranks of the U.S. central bank at a time when it ’s under pressure to recruit more diverse leadership.