Fed Chairman believes that keeping the policy of gradual rate increase is the best option

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The Deputy Chairman of the Federal Reserve, Richard Clarida, speaking at a conference in New York, said that, in his opinion, the best option was a further gradual increase in the Fed's base interest rate. He noted that the United States was approaching full employment. Price stability is also consistent with the objectives of the American Central Bank. According to him, there is no significant increase in inflation in the country due to the increase in labor productivity. The Fed will closely monitor changes in inflation rates when determining its future policy. Continuing statistics, taking into account the rate of inflation, will help the Fed to determine the level that the rate will eventually have to reach.

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