He said he will be watching current conditions, in particular the trade war and the inverted yield curve in the bond market, for clues about where the Fed should go next.
Federal Reserve Vice Chairman Richard Clarida said the economy is in a good place but he and his fellow central bankers are willing to take action if conditions change.
Though noncommittal about the future of rates, he said he will be watching current conditions, in particular the trade war and the inverted yield curve in the bond market, for clues about where the Fed should go next.In particular, he addressed the issue of an insurance rate but, done as a preventive measure to get ahead of a slowdown.
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