EPISODE · Feb 17, 2023 · 4 MIN
EXTRA: Clarida on 2% Inflation: Defending The Feds Solution
from WEALTHTRACK · host Consuelo Mack
This is additional commentary from Richard Clarida that didn't make it into the episode. Legendary Fed Chairman Paul Volcker was highly critical of the Fed’s policy of targeting 2% inflation, saying he saw “no theoretical justification” for it and that if successful, it “would mean the price level doubles in little more than a generation.” In this EXTRA exclusive, Former Fed Vice Chair Richard Clarida defends the 2% solution.
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EXTRA: Clarida on 2% Inflation: Defending The Feds Solution
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