Fed's Clarida: intends to take a balanced approach to Fed goals

Fed Vice Chair hopeful Richard Clarida is expected to deliver a prepared testimony regarding his possible confirmation before the US Senate on Tuesday.

Key quotes

"If I am confirmed by the Senate, I will support monetary policies that take a balanced approach to achieving these important objectives."

"If I am confirmed, my priority will be to support policies that are effective, efficient, and appropriately tailored and that preserve the far greater resiliency and stability of the financial system that has been achieved as a result of the significant reforms that have been put in place since the financial crisis."