The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

Clarida says Fed won't raise rates until its sees 2% inflation

Contributed by NAMPA / Reuters.

Jan 13 (Reuters) - Federal Reserve Vice Chair Richard
Clarida on Wednesday reiterated that the U.S. central bank won't
raise interest rates until inflation reaches 2%, and he
expressed confidence that market participants believe in that
promise, a key element in the Fed's strategy.
"We are not going to lift off until we get inflation at 2%
for a year. ... We are trying to tie our hands. We are saying we
are not going to hike until we get to 2%," Clarida told a