The Federal Reserve is taking a meeting-by-meeting approach to setting interest rates and for now is not committed to a set course of action ahead, Vice Chairman Richard Clarida told CNBC. “We’re gonna take this meeting by meeting. We’re not on a preset course,” Clarida told Sara Eisen during an interview Friday on “Squawk on the Street.” The central bank official spoke two days after the policymaking Federal Open Market Committee cut its benchmark interest rate by a quarter point to a target range of 1.75% to 2%. It was the second reduction of the year and came after the Fed had hiked rates nine times, the most ... (full story)