Fed's Clarida: Monetary policy is not on a preset course

Richard Clarida, the Federal Reserve Board of Governors Vice-Chair, on Friday reiterated that the Fed's monetary policy was not on a preset course and said that the policy decisions will be made "meeting by meeting."

"The economy is in a good place with no evidence a strong labour market is putting pressure on inflation," Clarida said at an event organized by the CFA Institute in Boston. "Treasury purchases made to increase liquidity should not be confused with QE purchases made during the crisis."

These comments failed to help the Greenback recover its losses. As oıf writing, the US Dollar Index was down 0.12% on the day at 97.45.