Economics
Clarida Rejects Rate-Cut Pressure, Says Fed in Good Place
- Says current policy will bring inflation back to 2% target
- Doesn’t see a strong case to move rates in either direction
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Federal Reserve Vice Chairman Richard Clarida pushed back against speculation in financial markets the central bank will cut interest rates to boost softening inflation up to its 2 percent target.
“I don’t think we’re at that place now,” Clarida said Tuesday in an interview with Bloomberg Television’s Michael McKee in Washington. “We think the policy in place now will get us there.”