Good move: Clarida at a Bloomberg Television interview in New York recently. Clarida reinforced the central bank’s new message this week that interest rates are on hold, saying that both monetary policy and the US economy are ‘in a good place’, though some risks remain. — Bloomberg
NEW YORK: After a year-long struggle with bond markets, the Trump administration, and each other, Federal Reserve policymakers found their way to a compromise this week with a rate cut that even the White House said had put monetary policy in a much better place.
The US central bank’s monetary policy had been too tight and hurt the economy, but “that huge obstacle to growth is now waning” after the rate cut announced on Wednesday, top White House economic adviser Larry Kudlow said.
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