Market news
01.11.2019, 13:49

Fed's Vice Chairman Clarida: Rate cuts will give significant support to the economy

  • U.S. economy is very resilient
  • Risks still tilted to the downside 'somewhat'
  • We will be data-dependent, every meeting is live
  • Economy and monetary policy are in a good place
  • Watching for cumulative evidence of missing on goals
  • We don't see a crack in the consumer
  • U.S. consumer has never been in better shape
  • Seen a rebound in housing, which is now contributing to growth

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