Clarida on CNN

Sure, whatever. It's more like a 90-degree turn followed by another one.

More:

  • The December rate hike wasn't a mistake
  • It's no clear how much of a US economic growth slowdown we are seeing
  • Outside estimates of necessary excess reserves are in the $1 trillion to $1.2 trillion range
  • There are scenarios where we may not hike this year
  • Labor market data is still strong, retail data softer
  • Fed can afford to be patient on next adjustment
  • In coming meetings could decide when to stop runoff
  • We don't see Brexit as a big systemic risk for US
  • We're very close to our employment and price goals