Former Fed Vice Chair Richard Clarida Talks Pandemic Monetary Policy and Inflation

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Jon Hartley and Richard Clarida discuss pandemic monetary policy making, inflation, as well as Clarida’s career, academic contributions and government service, including his time as vice chair of the Federal Reserve. • Recorded on September 20, 2024. • For more details on this episode, visit: https://www.hoover.org/research/forme... • ABOUT THE GUEST SPEAKER: • Richard Clarida served as vice chairman of the Board of Governors of the US Federal Reserve System from September 2018 to January 2022. Clarida is also the C. Lowell Harriss Professor of Economics and International Affairs at Columbia University. He was assistant secretary of the Treasury for economic policy, serving two secretaries of the Treasury. Clarida is also a managing director of Pacific Investment Management Company’s (PIMCO) New York office and that firm’s global economic advisor. Prior to rejoining PIMCO in 2022, he was the firm's global strategic advisor from 2006 to 2018. Earlier in his career, Clarida was with Credit Suisse and Grossman Asset Management. He holds a PhD and a master's degree in economics from Harvard University. He received an undergraduate degree with Bronze Tablet Honors from the University of Illinois. • ABOUT THE SERIES: • Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. • __________ • The opinions expressed on this channel are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University. • © 2024 by the Board of Trustees of Leland Stanford Junior University. • 🔔 Subscribe for more discussions: ‪@HooverInstitution‬ • 👍 Like and share this video! • 🌐 Follow us on social media: • • Facebook: / hooverinststanford • • LinkedIn: / hoover-institution-at-stanford-university • • Instagram: / hooverinstitution • • TikTok: / hooverinstitution • • X: / hooverinst

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