By Ann Saphir
(Reuters) – Federal Reserve Vice Chair Richard Clarida said on Wednesday that he’s “bullish” on the outlook for the U.S. economy and sees inflation at the Fed’s 2% goal by year’s end, after what he expects to be a temporary rise above that level before then due to “base effects.”
The Fed’s current monetary policy settings are appropriate now and “for the rest of the year” Clarida said in a virtual appearance before the American Chamber of Commerce in Australia. The biggest risk to the outlook, he said, is the course of the coronavirus.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.