Fed’s Clarida says case for easing monetary policy has risen

Bloomberg/Rich Miller and Steve Matthews

“Clarida’s comments largely reinforced remarks Wednesday by Chairman Jerome Powell after Fed officials left interest rates on hold while saying uncertainty over their outlook had increased. That was widely interpreted as opening the door to an interest-rate cut as early as the Fed’s next gathering, in late July.”

USAGOLD note:  Two  very important dots on the dot-plot chart, it would seem, anticipating lower rates come July. (Clarida is vice chairman of the Fed. Powell, of course, is chairman.) . . . . . .The bond market has already dropped rates on its own by .75% to .9, so it will be interesting to see how the Fed responds come July.

Repost from 6-21-2019

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