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Fed's Clarida says will set policy meeting by meeting

Oct 3 (Reuters) - Federal Reserve Vice Chairman Richard Clarida gave little away on Thursday as far as the U.S. central bank's next steps on monetary policy, saying the U.S. consumer and economy is in a "good place," the labor market is "very healthy," and rates will be decided one policy meeting at a time.

The Fed "will act as appropriate to sustain a low unemployment rate and solid growth and stable inflation," Clarida said during a moderated discussion in New York organized by the Wall Street Journal.

He and other Fed officials have used the phrase "as appropriate" for the last several months to describe the central bank's stance on interest rates, ahead of the Fed's two rate cuts in July and September, but also in June, when the Fed did not adjust rates.

"We have eight meetings a year, we take them one at a time, we are not on a preset course," Clarida said, noting slowing global growth, uncertainty over trade, and persistent low inflation overseas.

The Fed voted 7-3 in September to cut interest rates for the second time this year, bringing the target rate to a range of 1.75% to 2.00%.

Boston Fed President Eric Rosengren and Kansas City Fed President Esther George opposed the rate cut and St. Louis Fed President James Bullard wanted a deeper cut of half a percentage point.

Clarida's remarks came in a week when disappointing reports about activity in the services and manufacturing sectors raised concerns that global trade tensions are starting to drag down the broader economy. (Reporting by Jonnelle Marte; Editing by Cynthia Osterman & Kim COghill)