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ADVISORY-Technical issues with event featuring Fed's Clarida

Aug 31 (Reuters) - The Peterson Institute for International Economics’ event featuring Federal Reserve Vice Chair Richard Clarida on Monday was experiencing technical difficulties, and news from the question-and-answer portion of his appearance may be delayed as a result.

In prepared remarks, Clarida said the Fed’s new approach to monetary policy means a low unemployment rate on its own doesn’t warrant higher interest rates, a “robust” change meant to acknowledge the economy is different than that of textbook models.” (Washington economics team)

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