May 7, 2019 / 2:29 PM / 3 months ago

Fed's Clarida says there's no good case for rate hikes or cuts-Bloomberg

WASHINGTON, May 7 (Reuters) - The U.S. Federal Reserve does not see a good case for raising or lowering interest rates and its current policy stance could help inflation move toward the central bank’s 2 percent target, Fed Vice Chair Richard Clarida said on Tuesday.

“We don’t see a strong case to move rates in either direction,” Clarida told Bloomberg television, largely echoing comments made last week by Fed Chair Jerome Powell. “Monetary policy is in a good place right now.” (Reporting by Jason Lange Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below