News

Here’s what the Fed’s former No. 2 says about tariffs, the bond market — and 3% inflation
Tariffs aren’t yet showing up in inflation data, but that doesn’t mean they won’t in the coming months, says Richard Clarida, ...
The Fed’s Dot-Plot Predicament: False Precision in Uncertain Times
The rate projections give investors and analysts a false sense of precision. Some Fed officials are tired of them.
Fed’s ‘Wait and See’ Approach Is Intact as New Risks Cloud Economic Outlook
The central bank is set to hold interest rates steady for its fourth straight meeting, a pause that could be extended through ...
Stock valuations are hovering at levels that have historically preceded major corrections, Pimco warns
Stock valuations are historically high, and are hovering near levels that have preceded big downturns including the 1987 ...
The New York Times3y
A Fed Official’s 2020 Trade Drew Outcry. It Went Further Than First Disclosed.
Corrected disclosures show that Vice Chair Richard H. Clarida sold a stock fund, then swiftly repurchased it before a big Fed announcement. By Jeanna Smialek Update: Richard Clarida will resign ...
Forbes3y
Fed’s Vice Chair Will Leave Early After 2020 Trades Cause Stir
Richard Clarida, the Federal Reserve Board’s vice chairman, said on Monday he will step down from his post at the central bank this week, amid a scandal over trades Clarida and other Federal ...
Newsweek3y
Federal Reserve Vice Chair Richard Clarida Becomes Third to Resign After Trading Scandal
Federal Reserve Vice Chair Richard Clarida has become the third Fed official to resign after a trading scandal at the central bank. Clarida announced on Monday that he will resign Friday.
Washington Examiner3y
Fed Vice Chairman Richard Clarida announces resignation amid stock trading controversy
Federal Reserve V ice Chairman Richard Clarida announced his resignation on Monday as questions swirled around controversial trades he made at the start of the pandemic. Clarida said his ...
Wall Street Journal6y
Derby’s Take: Clarida Reflects on What He Thought About Fed Before Joining It
For new central-bank Vice Chairman Richard Clarida, the Federal Reserve has turned out to be a bit like an iceberg: There’s the small part you see above the water, and the even bigger part that ...
Los Angeles Times7y
Trump to nominate Pimco’s Richard Clarida as Federal Reserve vice chair
President Trump announced his intention to nominate Richard Clarida, a respected economist and Pacific Investment Management Co. global strategic advisor, as vice chairman of the Federal Reserve.
MarketWatch6y
Fed's Clarida: Current jobless rate could be above 'full employment'
Federal Reserve Vice Chairman Richard Clarida said Tuesday he did not agree with analysts who believe the current 3.8% unemployment rate is below "full employment," or the level where economists ...
MarketWatch5y
Fed’s Clarida says ‘still too soon to even speculate’ about impact of coronavirus
The COVID-19 outbreak will have a noticeable impact on Chinese economic growth, at least in the first quarter, and this could spill over to the rest of the global economy, said Richard Clarida ...