Richard Clarida Hints Fed May Not Raise Rates as Much as Projected
- Federal Reserve Vice Chairman Richard Clarida left open the possibility the U.S. central bank will raise interest rates in 2019 fewer than the two times projected by policy makers at their last meeting. “A lot has really happened since the first week of December,” Clarida said Monday in an interview on Fox Business Network. “Some of the global growth data have been softening.” In the so-called dot-plot released after the Dec. 18-19 meeting, the median projection from policy makers was for two rate hikes this year. Clarida, however, ...
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