Richard Clarida Hints Fed May Not Raise Rates as Much as Projected

“A lot has really happened since the first week of December,” Clarida said Monday in an interview on Fox Business Network. In the so-called dot-plot released after the Dec. 18-19 meeting, the median projection from policy makers was for two rate hikes this year. Clarida, however, downplayed the significance of those individual forecasts.

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