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VC Clarida Sees Brighter Econ Prospects On Vaccine, Fed Will Use 'All Tools'

FED

Nothing earth-shattering from Fed Vice Chair Clarida in a speech Friday on the economic outlook and monetary policy. The key quotes from the prepared remarks (Q&A to follow):

  • "The prospects for the economy in 2021 and beyond have brightened and the downside risk to the outlook has diminished," Clarida said in prepared virtual remarks to the Council on Foreign Relations...."We are committed to using our full range of tools to support the economy and to help ensure that the recovery from this difficult period will be as robust as possible"

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