Fed's Clarida: We are attune to potential economic risks that could call for more accommodative policy


Additional comments from Fed Board of Governors Vice Chair Richard Clarida cross the wires as he continues to speak at an event in New York.

Key quotes (via Reuters)

  • We are attune to potential economic risks that could call for more accommodative policy.
  • U.S. inflation data has come in lower than we expected.
  • Global slowdown affects U.S. economic data.
  • Not concerned about current trading in Fed funds market.
  • Would distinguish between a flat treasury yield curve and one that is persistently inverted, says he pays attention to that market.

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