Pimco's Clarida Says Fed Could 'Ratchet Down Rates' Next Year
June 28, 2023
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1:09Now PlayingPimco's Clarida Says Fed Could 'Ratchet Down Rates' Next Year
YouTube Description
as posted by the channelRichard Clarida, global economic advisor at Pacific Investment Management Co. (Pimco) and former Federal Reserve vice chairman, says the Fed could "ratchet down rates" in 2024 despite not meeting its inflation target. "We could see cuts next year, even if inflation remains somewhat above 2%," he says on "Bloomberg Markets."
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