Richard Clarida

National Monetary Policies Often Correlate, Sometimes Coordinate, Rarely Cooperate

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Global monetary policy cooperation could erode central bank credibility and public support for sound, rules-based policies.

Fed Statement: In Yellen We Trust—But Markets Must Verify

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Importantly, the statement did not downgrade its assessment of survey-based measures of inflation.

Wages Rising: Good For Workers, Economy ... And The Fed

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The Fed’s projections suggest it wants to run the economy a little hot and keep unemployment lower for longer than usual.