Federal Reserve Vice Chairman Richard Clarida speaks to Money Marketeers in New York
- If economic 'crosswinds' are sustained, Fed policy should respond to offset them
- Global growth prospects moderated somewhat in recent months, financial conditions tightened materially
- Fed can be patient assessing how to adjust policy as data evolve in 2019
- US economic conditions favourable for now; above-trend growth likely to continue
- 'we will not hesitate to make changes' to strategy of shedding assets
- Recent weakness means inflation may not yet be sustainably at a 2 pct target
- US. monetary policy not on preset course
more to come