Express
Former Vice Chairman of the Federal Reserve: Fed Expected to Cautiously Lower Policy Rates
Summary: According to sources, Richard Clarida, global economic advisor at Pimco and former Vice Chairman of the Federal Reserve, stated in a report that the Fed appears to be planning to lower policy rates in the near future, but will do so cautiously. Powell's highly anticipated speech at the Jackson Hole annual symposium last week did ...
According to sources, Richard Clarida, global economic advisor at Pimco and former Vice Chairman of the Federal Reserve, stated in a report that the Fed appears to be planning to lower policy rates in the near future, but will do so cautiously. Powell's highly anticipated speech at the Jackson Hole annual symposium last week did not disappoint the market, and the revised monetary policy framework introduced by the Fed also did not surprise Fed observers. In the long term, the Fed reiterated its commitment to its dual mandate, while making only minor clarifications to its monetary policy framework.
Tags:
Link: Former Vice Chairman of the Federal Reserve: Fed Expected to Cautiously Lower Policy Rates [Copy]
