Federal Reserve’s Vice Chair Richard Clarida who is speaking in New York in a Q&A has said that the economy is in good shape and does not think recession risks are elevated
- Economic growth is solid.
- Consumer is in a good place.
- Focus of the fed is to keep US economy in good place.
- Fed is not a pre-set course.
- Fed will act as appropriate.
- Uncertainty about trade policy is impacting investment.
- It is important that inflation is achieved on a symmetric basis around the 2% level.
- Very happy with the fed’s decision from July and September to cut rates.