Fed’s Clarida: The Federal Reserve's Review of MP Strategy, Tools, And Communication Practices – Full Speech

Richard Clarida is Vice Chair of the Board of Governors of the Federal Reserve System and is saying the following:

• Economy at or near inflation and employment goals.
• Any plan targeting average inflation would need to be a credible one.
• Policy review will take the 2% inflation target as a given.
• Plausible that NAIRU is at or below the current unemployment rate.
• Inflation is running close to our 2% objective.

Speaking with Q&A to follow. 

Full speech