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Experts

Richard Clarida

Global Economic Advisor
Dr. Clarida is a managing director in the New York office and PIMCO's global economic advisor. Prior to rejoining PIMCO in 2022, he was the firm's global strategic advisor from 2006 to 2018. He served as Vice Chairman of the Board of Governors of the U.S. Federal Reserve System from September 2018 to January 2022. Dr. Clarida is also the C. Lowell Harriss Professor of Economics and International Affairs at Columbia University. Prior to joining PIMCO in 2006, he was Assistant Secretary of the Treasury for Economic Policy, in which he served as chief economic advisor to two U.S. Treasury Secretaries. Earlier in his career, he was with Credit Suisse and Grossman Asset Management. He has 26 years of investment experience and holds a Ph.D. and a master's degree in economics from Harvard University. He received an undergraduate degree with Bronze Tablet Honors from the University of Illinois.
Blog

Recent signals from major central banks suggest challenges ahead with easing monetary policy amid above-target inflation.

Blog

Debt levels will likely continue to rise absent policy changes, and the yield curve is likely to steepen.

Viewpoints

Gain insights on how investors can adapt to today’s market landscape from a panel discussion at our recent Alternatives Investor Conference.

Viewpoints

“Restrictive for longer” is now the mantra as monetary policymakers seek to bring inflation reliably to target.

Blog

The Fed chair’s high-profile speech emphasized the central bank’s focus on taming inflation.

Viewpoints

High-quality fixed income assets may offer the best return potential in more than a decade along with diversification benefits as a likely recession approaches.

Viewpoints

Debt-financed fiscal policy is driving much of today’s high inflation, but as pandemic-era measures fade, central banks will likely return to their key role in managing price levels.

Economic and Market Commentary

Learn how investors can navigate an evolving investment landscape by taking advantage of attractive opportunities, like today’s high starting bond yields.

Economic and Market Commentary

Markets will likely face more volatility as the global economy exits a period of massive fiscal and monetary support. Listen to our outlook for the global economy and markets over the next five years. Section 1: Key Takeaways Section 2: Secular Theme Section 3: Investment Implications

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