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- Federal Reserve Vice Chairman Richard Clarida endorsed the central bank's plans to gradually raise interest rates and pinpointed the behavior of inflation as key to deciding when to stop
Federal Reserve Vice Chairman Richard Clarida endorsed the central bank's plans to gradually raise interest rates and pinpointed the behavior of inflation as key to deciding when to stop
"If the data come in as I expect, I believe that some further gradual adjustment in the federal-funds rate will be appropriate," Mr. Clarida said in his first public remarks since joining the Fed as its No. 2 official last month.
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