Former Fed Vice Chair Richard Clarida Talks Fed Policy
Mar 27, 2024
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Former Fed Vice Chair Richard Clarida discusses Fed policy, hinting at rate freezes or cuts. Topics include maintaining 2% inflation, analyzing Fed's strategies, risks of volatile inflation, data dependency, market alignment, and future policy expectations.
Fed may halt rate hikes and focus on maintaining or slowing rate increases.
Clarida emphasizes Fed's data-dependent approach, aiming for 2% inflation target.
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Federal Reserve's Approach to Inflation & Rate Cuts
Former Fed Vice Chair Richard Clarida discusses the Fed's strategy regarding inflation and rate cuts. He acknowledges the Fed's goal of reaching a 2% inflation target and emphasizes the Fed's data-dependent approach. Clarida mentions the potential for opportunistic disinflation and the Fed's focus on managing risks to avoid economic downturns while addressing inflation concerns.
Former Fed Vice Chair and Global Economic Advisor at PIMCO Richard Clarida says the Fed is likely done hiking rates and will either just hold it where it is for longer or reduce the pace of interest rate cuts. He speaks with hosts Jonathan Ferro and Lisa Abramowicz.