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Warsh's 'Ambitious Agenda' Needs Broad Market Understanding: Clarida
Richard Clarida, a global economic adviser for Pimco, warns that the Federal Reserve risks creating uncertainty if it changes its preferred inflation measure without clear communication. This follows Chairman Kevin Warsh's suggestion to review alternatives to the US personal consumption expenditure core index.
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- Fed Needs Clear Inflation Target and Messaging, Clarida Says
- Kevin Warsh’s first big press conference shines a spotlight on confusion over how the Fed actually measures inflation
- Warsh’s Wall Street cred takes a hit as investors doubt the Fed chair’s inflation-fighting resolve
- Warsh joins other central bankers in opposing forward guidance
- Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation