Fed Vice Chair Richard Clarida reiterated Fed should take a “patient” stance in 2019 and decide on interest rates on a “meeting by meeting” basis.
He added that “a lot has really happened since the first week of December.” And, “we will look in particular at global developments and some of the global data that has been softening.”
Though, he didn’t see the the global slowdown as “severe” for now. And he doesn’t see a recession “on the horizon”.
