Fed's Clarida: Fed can afford to be patient, see how the 2019 data evolves

Author: Eamonn Sheridan | Category: News

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  
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