Little new from Vice Chair Clarida in...........>

FED: Little new from Vice Chair Clarida in prepared remarks for "Fed Listens"

event. Reiterates previous comments of past year over motivations for Fed policy

framework review, due to be completed early next year.

- Most pertinent part for current MonPol is on the Phillips Curve: "although the

labor market is robust, there is no evidence that rising wages are putting

upward pressure on price inflation."

- "I myself believe that the range of plausible estimates of u* extends to 4

percent and below and includes the current unemployment rate of 3.7 percent."

- "U.S. inflation expectations today do reside in a range I consider consistent

with our price-stability mandate."

- VC Quarles speech also published by Fed, no MonPol implications though (on

cross-border finance).