U.S. ECONOMY NEEDS EXTRA SUPPORT FROM MONETARY AND FISCAL POLICY: FED VICE CHAIR CLARIDA

Highlights

• Clarida said that it will take some time to return to the levels of economic activity and employment that prevailed at the business cycle peak in February, and additional support from monetary and likely fiscal, policy will be needed

• Clarida’s remarks on the US economy are largely similar to his speech on October 14

• The US is once again reporting more than 50,000 new coronavir....