Fed’s Clarida: Economy has good momentum; Fed can be ‘very patient’ this year

In an interview with Fox,  Federal Reserve’s Vice Chairman Richard Clarida said that he didn’t see a recession on the horizon.

Key quotes (via Reuters)

• Not case that Fed policy is a headwind for U.S. Economy.
• Economy has good momentum; Fed can be ‘very patient’ this year.
• December rate hike was the right decision.
• FOMC will take policy decisions ‘meeting by meeting’; some global data has been softening.
• Slowdown in global outlook not yet ‘severe’, but would tend to impact U.S. Exports.
• ‘Won’t hesitate’ to adjust asset-portfolio runoff if needed.