During an interview with Bloomberg TV on Wednesday, Federal Reserve’s Vice Chairman Richard Clarida said that he is not even going to think about a rate hike until actual inflation reaches 2%, as reported by Reuters. “The current state of the world puts a downward bias on inflation and an upward bias on unemployment,” Clarida noted and explained that judgement on any overshoot of inflation will be made closer to the time. “The US needs to spend some time with inflation above 2% to offset the time spent below it.” Clarida further argued that a pretty impressive return of low unemployment and inflation at the target could be seen within three years. Market reaction The US Dollar Index showed no significant reaction to these comments and was last seen gaining 0.14% on the day at 94.10. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD extends daily slide toward 0.7100 ahead of mid-tier US data FX Street 1 year During an interview with Bloomberg TV on Wednesday, Federal Reserve's Vice Chairman Richard Clarida said that he is not even going to think about a rate hike until actual inflation reaches 2%, as reported by Reuters. "The current state of the world puts a downward bias on inflation and an upward bias on unemployment," Clarida noted and explained that judgement on any overshoot of inflation will be made closer to the time. "The US needs to spend some time with inflation above 2% to offset the time spent below it." Clarida further argued that a pretty impressive return of low unemployment and inflation… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
