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Federal Reserve Vice Chair Richard Clarida

The Wall Street Journal: Fed Would Consider Interest-Rate Cuts if Growth Outlook Darkens

Federal Reserve Vice Chairman Richard Clarida said the U.S. economy is in good shape but that central bank officials would consider interest-rate cuts should economic data reveal a material risk of a sharper slowdown than they currently expect.

“Let me be very clear that we’re attuned to potential risks to the outlook,” Mr. Clarida said Thursday during a moderated discussion at the Economic Club of New York.

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CNBC: Fed’s Clarida Says No Need for Rate Cuts Unless Economy Weakens

“If the incoming data were to show a persistent shortfall in inflation below our 2 percent objective or were it to indicate that global economic and financial developments present a material downside risk to our baseline outlook, then these are developments that the [Federal Open Market Committee] would take into account in assessing the appropriate stance for monetary policy,” Clarida said during a speech at the Economic Club of New York.

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Bloomberg: Clarida Opens Door to Fed Rate Cut If the Economic Outlook Dims

The Federal Reserve is prepared to ease monetary policy if it sees mounting risk to the U.S. expansion, Vice Chairman Richard Clarida said while stressing the economy is in a "very good place" with unemployment low and inflation muted.

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