Clarida says Fed shouldn’t delay cuts until economy falters

Bloomberg/Christopher Condon and Rich Miller/7-18-2019

‘You don’t need to wait until things get so bad to have a dramatic series of rate cuts,’ Clarida said Thursday in an interview on Fox Business Network, citing economic research. ‘We need to make a decision based on where we think the economy may be heading and, importantly, where the risks to the economy are lined up.’”

USAGOLD note:  Clarida’s comments directly address the critics who are questioning the Fed’s lean to lower rates at a time when the economy is still showing some good numbers.

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