Federal Reserve Vice Chairman Richard Clarida said Tuesday he would take the inverted yield curve 'seriously' if it 'persists for some time.'
If the yield curve inverts as it has...and if it persists for some time, that's obviously something I would definitely take seriously, " Clarida says.
An inverted yield curve is seen by experts as a sign that an economic recession may be on the horizon.Federal Reserve Vice Chairman Richard Clarida said Tuesday he would take the inverted yield curve "seriously" if it "persists for some time." Clarida didn't clarify how long the yield curve would have to stay inverted for him to take seriously.
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