Bloomberg Talks PIMCO Global Economic Advisor Richard Clarida Talks US Inflation, Economy
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Jan 23, 2026 Richard Clarida, PIMCO Global Economic Advisor and former Fed Vice Chair, offers a crisp mini bio as a monetary policy and markets veteran. He discusses US economic resilience and a 2025 growth outlook. He outlines uneven, K-shaped recovery dynamics and corporate caution. He reviews likely Fed chair contenders, market reactions to nominees, and Fed independence.
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US Economy Is Resilient
- Richard Clarida says the US economy is solid and remarkably resilient, with growth north of 2% in 2025.
- He cites stable inflation, strong tech capital spending, and incoming fiscal and foreign investment as supporting factors.
K-Shaped Recovery Masks Unevenness
- Clarida highlights a K-shaped recovery where stock and home owners benefit while other sectors lag.
- He warns averages hide unevenness and uncertainty across industries and households.
Different Candidates, Different Strengths
- Clarida profiles three potential Fed chairs, noting different strengths: Waller on macro, Warsh on institutional reforms, and Reeder on market connectivity.
- He emphasizes all three could be effective but bring distinct policy orientations.