Fed’s Clarida: The Federal Reserve's Review of MP Strategy, Tools, And Communication Practices – Full Speech

Ross J Burland FXStreet

Richard Clarida is Vice Chair of the Board of Governors of the Federal Reserve System and is saying the following:

Economy at or near inflation and employment goals.
Any plan targeting average inflation would need to be a credible one.
Policy review will take the 2% inflation target as a given.
Weak ' Phillips curve' connection between inflation, unemployment, means prices less responsive.
Plausible that NAIRU is at or below the current unemployment rate.
Fed framework review likely to produce 'evolution, not a revolution' in how fed conducts policy.
Recent improvement in labour force participation rate may have provided additional source of workers while keeping inflation tame.
Inflation is running close to our 2% objective.

Speaking with Q&A to follow.

Full speech

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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