14.1 C
New York
Friday, March 24, 2023

Fed’s Clarida says U.S. economy in ‘good spot,’ can be patient

Fed's Clarida says U.S. economy in 'good spot,' can be patientFed’s Clarida says U.S. economy in ‘good spot,’ can be patient

DALLAS (Reuters) – The U.S. economy is in a “good spot” now, Federal Reserve Vice Chair Richard Clarida said on Monday, operating at near full employment and with inflation near the Fed’s 2-percent goal.

Since inflation is muted, the Fed “can be patient” on deciding where to set interest rates, Clarida told Dallas Fed President Robert Kaplan in an interview at the Dallas Fed’s headquarters before an audience that included local business leaders and several Fed policymakers.

The Fed raised rates four times in 2018, but last month said it would be patient in deciding when to tighten policy again, if at all. Investors interpreted the move as indicating that the Fed’s three-year push to raise rates had ended.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Popular Articles