Inflation and uncertainty on oil shock means Fed should wait and see, says PIMCO's Richard Clarida

Former Fed vice chairman Richard Clarida discusses recent comments by Treasury Secretary Bessent on the Federal Reserve and the case for the Fed to continue a wait-and-see approach. The piece is commentary on monetary policy rather than a market-moving policy action, so it is broadly neutral with limited immediate impact.

Analysis

Former Fed vice chairman Richard Clarida discusses recent comments by Treasury Secretary Bessent on the Federal Reserve and the case for the Fed to continue a wait-and-see approach. The piece is commentary on monetary policy rather than a market-moving policy action, so it is broadly neutral with limited immediate impact.