Richard Clarida is Vice Chair of the Board of Governors of the Federal Reserve System
Speaking, with Q&A to follow.
- economy at or near inflation and employment goals
- Any plan targeting average inflation would need to be a credible one
- Policy review will take the 2% inflation target as a given
- Plausible that NAIRU is at or below the current unemployment rate
- inflation is running close to our 2% objective
Full text of his prepared speech is here: The Federal Reserve's Review of Its Monetary Policy Strategy, Tools, and Communication Practices
