Fed's Clarida: Monetary policy is not on a preset course

Eren Sengezer FXStreet

Richard Clarida, the Federal Reserve Board of Governors Vice-Chair, on Friday reiterated that the Fed's monetary policy was not on a preset course and said that the policy decisions will be made "meeting by meeting."

"The economy is in a good place with no evidence a strong labour market is putting pressure on inflation," Clarida said at an event organized by the CFA Institute in Boston. "Treasury purchases made to increase liquidity should not be confused with QE purchases made during the crisis."

These comments failed to help the Greenback recover its losses. As oıf writing, the US Dollar Index was down 0.12% on the day at 97.45.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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