Fed vice chair Richard Clarida, speaking to Bloomberg TV this Monday, said that the US economy is in good shape and the outlook looks very solid.
Key quotes:
“¢ The policy is meant to sustain the economy’s current good performance.
“¢ Fed’s ‘dot plots’ on interest rate projections are not going anywhere.
“¢ Fed still focused on achieving its dual mandate
“¢ Inflation is at the Fed’s 2% target, the goal is symmetric.
“¢ Fed could operate somewhat with inflation above 2%.
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