May 3, 2019 / 4:43 PM / 20 days ago

Fed's Clarida says he does not see evidence of looming recession

SAN FRANCISCO (Reuters) - The U.S. economy isn’t showing signs of a heading into a recession, though the “central banks need to be vigilant and alert” to risks to the outlook, Federal Reserve Vice Chair Richard Clarida said on Friday.

“Policy needs to be forward-looking so, decisions that a central bank makes today need to depend upon the view that it has about the evolution of economy,” Clarida said after delivering a talk at the Hoover Institution at Stanford University.

Responding to a question about whether the United States is headed for a recession a year or two down the line, Clarida said Fed policymakers are looking at a “wide range of indicators (and) we do not see that evidence now.”

Reporting by Ann Saphir and Howard Schneider; Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below