Economy in Good Place But Confronts Evident Risks: Fed's Richard Clarida

The video discusses the favorable baseline economic outlook with GDP growth expected at 2% and inflation gradually rising towards a 2% target. Despite a strong labor market, risks such as slowed business investment, contracting exports, and global disinflationary pressures are highlighted. The FOMC has responded by lowering the federal funds rate to support growth and address muted inflation pressures. Future monetary policy will be assessed on a meeting-by-meeting basis to sustain economic growth and achieve inflation objectives.

What are the evident risks confronting the US economy as mentioned in the text?

How does the committee plan to approach monetary policy moving forward?