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Trump Fed nominee signals skepticism on QE


By Ann Saphir and Lindsay Dunsmuir(Reuters) - Even as U.S. Federal Reserve Board nominees Richard Clarida and Michelle Bowman on Tuesday pledged their best efforts toward achieving the U.S. central bank's twin goals of full employment and low inflation, one appeared hesitant on a key Fed tool used in the past to attain them. "I will support monetary policies that take a balanced approach to achieving (the Fed's) important objectives," said Clarida, an economist who advises fund manager Pimco, at the start of a nomination hearing before the Senate Banking Committee. But asked about the Fed's ...

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First Published: Tue, May 15 2018. 22:01 IST