Fed Highlights Scope for More Action If Reopening Economy Stalls
- Vice Chair Clarida: ‘There is more that we will do’ if needed
- Minutes showed Fed officials mulling options for more stimulus
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Federal Reserve Vice Chairman Richard Clarida said officials would likely turn to additional forward guidance and asset purchases if the economy needs more aid, as another official warned of the risk from rising Covid infections.
“We have a lot of accommodation in place. There is more that we can do. There is more that we will do if we need to,” the Fed’s No. 2 said in an interview Tuesday on CNN International.