Fed's Clarida Says It's Still Too Soon to Speculate on Virus Impact

The video discusses the strong labor market and moderate economic growth in 2020. Inflation is below the 2% target but expected to rise with appropriate policy. Despite low unemployment, wage growth aligns with productivity. Global factors like sluggish growth and trade uncertainties have impacted the US economy. The emergence of the coronavirus poses risks, potentially affecting Chinese and global growth, but its full impact is uncertain.

What is the current state of the labor market according to the text?

How is inflation expected to change according to the committee's projections?

What factors are affecting investment and manufacturing in the United States?

What potential risks to the economic outlook are mentioned in the text?

What impact is the coronavirus expected to have on the global economy?