Fed's Clarida says global economy has worsened since July: CNBC

(Reuters) - U.S. Federal Reserve Vice Chairman Richard Clarida said on Friday the global economic outlook has worsened since July

Reuters August 24, 2019 03:05:46 IST
Fed's Clarida says global economy has worsened since July: CNBC

Feds Clarida says global economy has worsened since July CNBC

(Reuters) - U.S. Federal Reserve Vice Chairman Richard Clarida said on Friday the global economic outlook has worsened since July.

"The global economy is slowing and there's powerful disinflationary pressures," Clarida told CNBC in an interview.

Clarida also said the U.S. economy is "in a good place," and he does not see a heightened recession risk.

(Reporting by Mekhla Raina in Bengaluru; Editing by Chris Reese)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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