Richard Clarida

That news conference begins in 10 minutes time.

The former Fed vice chair, Richard Clarida, weighing in on a decision, a 25 basis point hike.

The forecast implying one more to go for this year.

And Elaine, as many people have indicated this afternoon in their research notes, that there might be more to come in 2027.

So I think, especially after Jackson Hole, it was important to ratify that reaction function.

Richard Clarida, your acclaimed research on dynamic stochastic general equilibrium theory.

The word stochastic is for shocks.

I didn't hear any statement on shocks coming from Michael McKee, and yet they have to live with the shocks at present.

Watch this space.

That news conference begins in 10 minutes' time.

The former Fed vice chair, Richard Clarida, there, weighing in on a decision, a 25-basis point hike, the forecast implying one more to go for this year, and a lean, as many people have indicated this afternoon in their research notes, that there might be more to come in 2027.

It wasn't just core PCE.

Traders are now pricing in about a fifty percent chance of a rate hike next month.

And we got reaction from former Fed vice chair and now PIMCO Global Economic Advisor, Richard Clarida.

The chairman wants better measurements and better forecasts, but he made clear that the target by which the Fed will be judged is the existing target, which is two percent PCE, uh, inflation.

Former Fed Vice Chair Richard Clarida spoke to Bloomberg on the sidelines of the Jackson Hole Economic Symposium.

The judge has sent the jurors in the Lindsay Clancy murder trial home for the day with instructions.

Don't talk about this case.

Traders now pricing in about a 50% chance of a rate hike next month.

We got reaction from former Fed vice chair and now PIMCO global economic advisor, Richard Clarida.

I think the work to do, quote, is the money, uh, quote, and I think that it delivered the reaction that the chair, uh, wanted.

In particular, he also highlighted that the recent improving inflation data to him did not represent, uh, you know, uh, he was not confident that was the trend.

Former Fed vice chair Richard Clarida spoke to Bloomberg on the sidelines of the Jackson Hole Economic Symposium.

Consumer sentiment grew worse in August, the first decline in three months.

The University of Michigan's monthly consumer survey shows sentiment fell to 51.7, down from 55.2 in July.

Traders are now pricing in about a fifty percent chance of a rate hike next month.

We got reaction from former Fed vice chair and now PIMCO Global Economic Advisor, Richard Clarida.

The chairman wants better measurements and better forecasts, but he made clear that the target by which the Fed will be judged is the existing target, which is two percent PCE, uh, inflation.

Former Fed Vice Chair Richard Clarida spoke to Bloomberg on the sidelines of the Jackson Hole Economic Symposium.

US consumer sentiment fell in August for the first time in three months on a worsening economic outlook.

The University of Michigan Sentiment Index decreased to fifty-one point seven in August, with consumers expecting prices to rise at an annual rate of four percent over the next year.

Traders are now pricing in about a fifty percent chance of a rate hike in September.

We got reaction from former Fed vice chair and now PIMCO global economic advisor, Richard Clarida.

I think the work to do, quote, is the money, uh, quote, and I think that it delivered the reaction that the chair, uh, wanted.

In particular, he also highlighted that the recent improving inflation data to him did not represent, uh, you know, he was not confident that was the trend.

Former Fed vice chair Richard Clarida spoke with Bloomberg on the sidelines of the Jackson Hole Economic Symposium.

Consumer sentiment grew worse in August, the first decline in three months.

The University of Michigan's monthly consumer survey shows sentiment fell to fifty-one point seven.

I think that would just cause chaos and havoc, so I'm putting him off the chessboard until there's more unanimous.

Then you have Lisa Cook and Richard Clarida.

I mean, he should...

I don't, uh, I, I don't know what he talks to Trump about, and I think that's what people just don't know.