Fed Vice Chair Richard Clarida said in a Bloomberg interview that “we have a symmetric objective around 2 percent.” And he emphasized that “two percent is not meant to be a ceiling”. He added that “we’ve operated below 2 percent, we could operate somewhat above 2 percent, depending on the shocks.”
Clarida also said the US economy is in good shape with solid outlook. And, the current monetary policy framework is serving Fed well.
