Published 3 years ago

Fed Vice-Chairman Supports Inflation Risk Ups in 2011

Summary by Ground News

Fed Vice Chair Richard Clarida said on Wednesday that he expects conditions for raising interest rates to be met by the end of 2022 if inflation and employment outcomes meet his forecasts. US Dollar Index continues to edge higher following these hawkish remarks and was last seen gaining 0.06% on the day at 92.12.

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Reuters

Fed Vice-Chairman Supports Inflation Risk Ups in 2011

[Washington, 4th Reuters] --Clarida, Vice-Chairman of the Federal Reserve Board (FRB), said on the 4th that the US economy is continuing to perform well toward achieving employment and price targets, and will raise interest rates in 2023. Recognized that it is in a situation where it can be started. "We are confident that the conditions needed to raise rates will be met by the end of 2010," he said in an online discussion at the Peterson Institu…

3 years ago·United Kingdom

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CNBC

Fed Vice Chair Clarida anticipates rate hikes starting in 2023, sees upside risks to inflation

Fed Vice Chairman Richard Clarida said the central bank is likely to hit its targets by the end of next year and start raising rates again in 2023.

3 years ago·United States

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Financial Post

Fed's Clarida supports interest rates liftoff in 2023

WASHINGTON -- The U.S. economy is on track by the end of next year to meet the employment and inflation hurdles the Federal Reserve has set for raising interest rates, consistent with a liftoff in borrowing costs in 2023, Fed Vice Chair Richard Clarida said on Wednesday. Read More

3 years ago·Canada

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OAN

Fed’s Clarida supports interest rates liftoff in 2023

August 4, 2021By Lindsay Dunsmuir and Ann SaphirWASHINGTON (Reuters) -The U.S. economy is on track by the end of next year to meet the employment and inflation hurdles the Federal Reserve has set for raising interest rates, consistent with a liftoff in borrowing costs in 2023, Fed Vice Chair Richard Clarida said on Wednesday.“I believe that these … necessary conditions for raising the target range for the federal funds rate will have been met by…

3 years ago·San Diego, United States

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Bloomberg Quint

Clarida Sees 2021 Taper Announcement, 2023 Fed Rate Liftoff

(Bloomberg) -- Federal Reserve Vice Chairman Richard Clarida said the central bank is on course to pull back on the massive support it is providing to the pandemic-damaged economy, starting with an announcement later this year that it is paring bond purchases and moving on to a liftoff in interest rates in 2023.Continue Reading. Read more on OnWeb by BloombergQuint.

3 years ago·Mumbai, India

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MarketWatch

Fed’s Clarida could support announcing slow-down in bond buying later this year; eyes early 2023 for interest-rate hikes

The Federal Reserve will continue to review when to slow down asset purchases 'in coming meetings,' said Fed Vice Chairman Richard Clarida on Wednesday.

3 years ago·United States

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