Fed Vice Chair Richard Clarida CNBC interview
Mr. Clarida said:
- He doesn't think its time to talk about tapering.
- Real unemployment is near 10%.
- He knows Treasury Secretary Janet Yellen was not giving the Fed advice yesterday.
- US still a long way from goals on economy.
- He doesn't think overheating is a baseline scenario.
- There would be upward pressure on prices, but inflation will not persist over a long period of time.
- He thinks 2021 growth could be near 7%.