Economics
Fed's Clarida Outlines Options for Review of Policy Framework
- Says low rates and inflation compelling reasons for review
- Strategy, tools, communications all to be re-considered
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Facing a long-term environment of low interest rates and low inflation, Federal Reserve Vice Chairman Richard Clarida said it’s a good time for the U.S. central bank to undertake a review of how it goes about pursuing its twin goals of maximum employment and price stability.
Clarida’s speech is the first detailed outline of the Fed’s plan this year to conduct a series of events aimed at discussing its policy framework.