Clarida: Outlook is for continued U.S. expansion, but Fed prepared to act

WASHINGTON (Reuters) - Federal Reserve Vice Chairman Richard Clarida said the Fed expects the U.S. economic expansion to continue but is prepared to reduce interest rates if trade and other uncertainties put that outlook at risk."The economy's baseline outlook is good -- sustained growth, a strong labour market and inflation near our objective," Clarida said in an interview on Bloomberg Television.But at the Fed's meeting this week "there was broad agreement around the table that the case for..