Clarida reinforces Fed’s mantra of U.S. policy patience

FILE PHOTO: A guard walks in front of a Federal Reserve image before press conference in Washington
FILE PHOTO: A security guard walks in front of an image of the Federal Reserve following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, DC, U.S. on March 16, 2016. REUTERS/Kevin

January 14, 2019

(Reuters) – The Federal Reserve is set to take a “patient” approach to policy decisions this year given there is good U.S. economic momentum but also a slowdown overseas, Fed Vice Chairman Richard Clarida said in a television interview on Monday.

“We can afford to be patient in 2019, there is good momentum,” he said on Fox Business Network, adding U.S. central bankers will decide interest rates on a “meeting by meeting” basis in the months ahead.

(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)

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