In His Last Comment As Fed Vice Chair, Clarida Echoes Brainard, Says Rate Hikes Coming
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In His Last Comment As Fed Vice Chair, Clarida Echoes Brainard, Says Rate Hikes Coming

In his last speech as Fed Vice Chairman Richard Clarida, who departs the Fed on Friday, two weeks before his term was scheduled to end after revelations of controversial personal trading activity, wrote that the central bank’s plans to raise interest rates in 2022 is justified within its new policy framework.

In the paper released by the Fed, Clarida wrote that a measure of inflation that...

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