© Reuters. FILE PHOTO: Federal Reserve Vice Chairman Richard Clarida speaks on the phone during the three-day “Challenges to Monetary Policy” conference in Jackson Hole.
(Reuters) – Federal Reserve Vice Chairman Richard Clarida reiterated on Wednesday that the US central bank will not raise interest rates until inflation reaches 2%, expressing confidence that market participants believe on that promise, a key element in the Fed’s strategy. “We’re not going to take off until we have 2% inflation for a year … We’re trying to tie our hands. We’re saying we’re not going to go up until we get there. 2%, “Clarida told a conference held by the Hoover Institution. “Actually, the markets don’t seem to lack credibility that we’re going to do that.”
Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business
losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading
the financial markets, it is one of the riskiest forms of investment possible.