US central bank ready to 'respond' to changing economy: Fed Vice Chairman Clarida

Fed Vice Chairman Clarida

A top Federal Reserve official said Thursday the central bank’s moves last year to lower interest rates were well timed and had kept the U.S. economic outlook on a favorable track.

“I believe that monetary policy is in a good place and should continue to support sustained growth, a strong labor market and inflation running close” to the Fed’s 2% target, said Fed Vice Chairman Richard Clarida in remarks prepared for delivery in New York.... Read more