Fed Clarida: Inflation at risk of falling below the range consistent with target

<p>Fed Vice Chair Richard Clarida said in a speech yesterday that before the current downturn, long-term inflation expectations were already “at the low end” of the range that’s consistent with Fed’s objective. Give the “likely depth of this downturn”, inflation expectations are “at risk of falling below” that range. Hence, “I will place a high […]</p>
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