Fed Vice Chair Clarida's speech at SNB in.......>

FED: Fed Vice Chair Clarida's speech at SNB in Zurich focused on the Fed policy

framework review / structural outlook.

- Specifically discusses some advantages/disadvantages of 'makeup' inflation

strategies that are known to have been discussed as part of the policy review;

also says "I will confess that I think it highly unlikely in the next downturn,

whenever it is, that 10-year U.S. Treasury yields will fall by the roughly 390

basis points that we observed between June 2007 and July 2016 (the bottom in

Treasury yields in this cycle) or even decline by the roughly 360 basis points

that we observed between January 2000 and June 2003."

- Full speech here on Fed website:

https://www.federalreserve.gov/newsevents/speech/clarida20191112a.htm