Fed's Clarida: Outlook for the US economy looks very solid

Fed vice chair Richard Clarida, speaking to Bloomberg TV this Monday, said that the US economy is in good shape and the outlook looks very solid.

Key quotes:

   •  The policy is meant to sustain the economy's current good performance.
   •  Fed's 'dot plots' on interest rate projections are not going anywhere.
   •  Fed still focused on achieving its dual mandate
   •  Inflation is at the Fed's 2% target, the goal is symmetric.
   •  Fed could operate somewhat with inflation above 2%.