Fed's Clarida: There are scenarios where Fed may not hike rates in 2019

Additional comments from Federal Reserve's Vice Chairman Richard Clarida continue to cross the wires as he speaks on CNN.

• Outside estimates of necessary excess reserves in $1 trillion to $1.2 trillion range.
• Policy is in a very good place.
• Can afford to be patient & wait for data.
• There are scenarios where Fed may not hike rates in 2019.

Source: Reuters.