Clarida does not comment directly on Fed Policy, but....

...Question and answer might get some view out of him

...Question and answer might get some view out of him

His comments from prepared speech:

  • Global central bank policy cooperation would erode credibility
  • Central banks has their own mandates, should react to home economies
  • Bank policies will be correlated if hit by same shocks, but that is not cooperation.

Near the start of the speech,:

  • Dow Jones is down -186 points
  • S&P index is up 5.4 points
  • NASDAQ index is up 107 points

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