“I would not agree that Fed rate hikes are going too far or too fast,” the Federal Reserve’s new Vice Chairman Richard Clarida said in an interview with CNBC.
Key quotes
- Will set policy to meet Congressional goals.
- Gradual policy approach has served the Fed well.
- Policy rate is barely above inflation rate.
- Fed needs to be data dependent.
- Fed policy getting close to vicinity of neutral.
- Being at neutral would make sense.
- Some evidence of global slowing.
- Fed has to factor global slowing in global outlook.
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