Economics
Clarida Opens Door to Fed Rate Cut If the Economic Outlook Dims
- Fed vice chair: ‘We’re attuned to potential risks’ to growth
- Says baseline outlook for U.S. economy is very constructive
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The Federal Reserve is prepared to ease monetary policy if it sees mounting risks to the U.S. expansion, Vice Chairman Richard Clarida said while stressing the economy is in a “very good place” with unemployment low and inflation muted.