- Fed Vice Chairman Clarida: Fed has flexibility to act if needed given interest rates are a distance away from zero
Market news
21 June 2019
Fed Vice Chairman Clarida: Fed has flexibility to act if needed given interest rates are a distance away from zero
- We're in a world of lower inflation
- U.S. is close to 2% inflation target
- Outlook is for sustained economic expansion
- There is elevated uncertainty in the last six to eight weeks
- Uncertainty on trade is weighing on sentiment
- Says will act appropriately to sustain expansion
- Europe and Japan are well away from where they want to be
- Fed is closer to its goals than other major economies
- FOMC is monitoring closely crosscurrents facing the economy
- There is a broad agreement that case for looser Fed policy has increased
- Fed has the tools necessary to sustain expansion
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