Richard Clarida, the Fed’s vice chairman, said the economy remains “in a very good place” but indicated the central bank would consider cutting rates if the growth outlook darkens
Federal Reserve Vice Chairman Richard Clarida said the U.S. economy remains “in a very good place” but indicated the central bank would be prepared to consider interest-rate cuts if economic data revealed a material risk of a sharper slowdown than officials currently expect.
Fed officials have been surprised by weakness in inflation so far this year that has defied forecasts of a sustained return to its 2% goal. Mr. Clarida said officials maintained their make-no-moves policy footing at their April 30–May 1 meeting in part...
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