
Former Fed Vice Chair Richard Clarida Talks Balancing Risk
Bloomberg Talks
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Navigating the Future of Monetary Policy and Inflation
This chapter focuses on the vital role of institutional integrity in the Federal Reserve, emphasizing the upcoming chair's duty to achieve price stability and maximum employment. It explores the 'new normal' in monetary policy, including the pursuit of a 2% inflation target and the challenges posed by tariffs on consumer prices.
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