Economics
Fed Puts Markets on Notice Over Its Needs for Rate Patience
- Clarida and Powell lay out policy playbook for March meeting
- Fed seems satisfied to let data determine next rate move
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The Federal Reserve’s top officials say the economy is in a good place and suggest further interest-rate increases will depend on incoming data easing concerns about risks to their outlook.
Comments in the last 72 hours by Chairman Jerome Powell and No. 2 Richard Clarida lay out clear lines of debate when the Federal Open Market Committee meets later this month.