{"id":34382,"date":"2020-09-23T22:47:15","date_gmt":"2020-09-23T18:47:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=34382"},"modified":"2020-09-23T22:47:18","modified_gmt":"2020-09-23T18:47:18","slug":"clarida-vows-to-keep-rates-until-inflation-hits-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/clarida-vows-to-keep-rates-until-inflation-hits-2\/09\/23\/market-updates\/","title":{"rendered":"Clarida Vows to Keep Rates Until Inflation Hits 2%"},"content":{"rendered":"\n<p>The Vice Chairman of the United States Federal Reserve, Richard Clarida, said on Wednesday that the Fed will not raise rates until the 2% inflation target is achieved.<\/p>\n\n\n\n<p>\u201cWe\u2019re not going to even begin to think about lifting off, we expect, until we actually get observed inflation, and we measure it on a year-over-year basis, equal to 2%. That is at least, we could actually keep rates at this level even beyond that.\u201d Clarida told Bloomberg in a TV interview.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWe don\u2019t want it to be a fleeting, you know, one quarter and done.\u201d<\/p><p>\u201cAt that point we will assess what is the appropriate liftoff and timing, but that\u2019s really down the road.\u201d<\/p><p>\u201cThe economy is recovering robustly, but we are still in a deep hole.\u201d<\/p><p>\u201cLong term, the U.S. needs to get back on a sustainable fiscal path, but you don\u2019t want to start that in the midsts of the worst economic hit in 90 years.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Vice Chairman of the United States Federal Reserve, Richard Clarida, said on Wednesday that the Fed will not raise rates until the 2% inflation target is achieved. \u201cWe\u2019re not going to even begin to think about lifting off, we expect, until we actually get observed inflation, and we measure it on a year-over-year basis, &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6867],"class_list":["post-34382","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-federal-reserve"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=34382"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34382\/revisions"}],"predecessor-version":[{"id":34383,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34382\/revisions\/34383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31392"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=34382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=34382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=34382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}