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Clarida says Fed won't raise rates until its sees 2% inflation

Published 01/13/2021, 04:35 PM
Updated 01/13/2021, 04:40 PM
© Reuters. FILE PHOTO: Federal Reserve Vice Chair Richard Clarida talks on the phone during the three-day "Challenges for Monetary Policy" conference in Jackson Hole

(Reuters) - Federal Reserve Vice Chair Richard Clarida on Wednesday reiterated that the U.S. central bank won't raise interest rates until inflation reaches 2%, and he expressed confidence that market participants believe in that promise, a key element in the Fed's strategy.

"We are not going to lift off until we get inflation at 2% for a year. ... We are trying to tie our hands. We are saying we are not going to hike until we get to 2%," Clarida told a conference held by the Hoover Institution. "It actually doesn't seem lacking credibility to markets that we are going to do that."

Latest comments

There us no inflation but deflationary spiral that we are in. The Fed try to talk up inflation and at the ssme time say they will continue purchase bond :-) want to have the cake and eat it. The Fed can never taper they are trapped. Period. They are just talk
lol, funny isn't it? No inflation? There is and has been inflation, they just change their models so inflation isn't shown. The TRUTH!! The herd just continues to put their heads in the sand so they don't have to see...👨‍🎓🎯
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