Fed’s Clarida: Fed has not made a decision on balance sheet composition

Comments from the Federal Reserve’s Vice Chair Richard Clarida continue to cross the wires as he continues to speak at the National Association for Business Economics Policy Conference in Washington.

Key quotes (via Reuters)

• Fed has not made a decision on the balance sheet composition yet.
• Fed will decide ultimate size of balance sheet in coming meetings.
• Fed wants to be “very very clear” that upcoming framework review will not alter 2% inflation target.