Fed's Clarida sticking to the cautious.......>

DOLLAR: Fed's Clarida sticking to the cautious theme of recent Fed rhetoric,

applying very modest pressure to the USD vs. the majors in early Asia trade.

- Clarida noted that weaker-than-expected inflation means Federal Reserve

officials can afford to be patient while they wait to see whether worries over a

global slowdown and tighter financial conditions persist, adding that should

these crosswinds for the U.S. economy persist, policy should respond. Clarida

also noted that the Fed shouldn't hesitate to adjust its balance sheet roll off

if needed.

- Subsequently, Clarida stated that "it would not always be prudent to wait

until global slowdown affects the U.S. before responding with policy" in

comments carried by RTRS