Richard Clarida on This Tricky Moment for the Federal Reserve
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 14 November 2024
⏱️ 47 minutes
🧾️ Download transcript
Summary
Last week the Federal Reserve opted to cut interest rates by 25 basis points, which was what the market expected it to do. But things get more uncertain from here on out. Inflation has been softening this year, but there’s a sense that this trend could turn — especially with the Trump administration coming in after the new year. All of this raises the question of what the Fed does next, and how it’s approaching near-term data versus the longer-term outlook for the economy. At the same time, Trump has had vocal disagreements with Chair Jerome Powell over the path of monetary policy and the role of the central bank, which adds more uncertainty. On this episode, we speak with former Fed Vice Chair Richard Clarida, now an economic advisor at Pimco and a professor of economics at Columbia University, about where the Fed goes from here.
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| 0:59.0 | Bloomberg Audio Studios. |
| 1:01.6 | Podcasts, Radio News. Hello and welcome to another episode of the All Thoughts podcast. I'm Tracy Allaway. |
| 1:20.6 | And I'm Joe Wisenthal. |
| 1:22.1 | Joe, I feel like it's fair to say there are a lot of weird things that have been going on lately. |
| 1:27.3 | You know what the weirdest was for me recently? |
| 1:29.6 | Go on. |
| 1:30.4 | Having the Fed meeting on a Thursday. |
| 1:33.3 | That threw me off for that entire week. |
| 1:36.0 | I thought you were going to say the weird thing was having a Fed meeting two days after the election. |
| 1:39.9 | But no, you're right. |
| 1:41.1 | I was really confused just the fact that it was on the Thursday at all, |
| 1:46.3 | setting aside the fact that it was an extraordinarily busy week, which was just last week. |
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