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Richard Clarida is Vice-Chair of the Federal Reserve System
I bolded that bit about the two mandates. The Fed, and Clarida repeating it here, says they’ll be responding to data but then he goes on to dismiss data with ‘base effect’ talk. A lot of these officials think they are much smarter than the data and
Search Web: Fed Vice Chair Clarida says will not lift rates until we actually get to 2%
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