Framework complete, Fed faces election year call on next steps

Fed Vice Chair Richard Clarida said on Monday that following release of the Fed's new long-run strategy last week, policymakers "will be returning to a discussion of potentially refining guidance and our balance sheet communication," the Fed's now staple recession-fighting tools involving promises about future policy and the pace of monthly bond purchases.Clarida, during an event organized by the Peterson Institute for International Economics in Washington, did not indicate how quickly that deba