Home / Market Update / Forex Market / Fed’s Clarida: Taper Conditions Have All But Been Met

Fed’s Clarida: Taper Conditions Have All But Been Met

The U.S. isn’t headed for the kind of “stagflation” that developed in the 1970s, when unemployment and inflation rose in tandem, Federal Reserve Vice Chair Richard Clarida said.

“I actually lived through, as a college student, the ‘Great Stagflation’ of the 70s, and I think there are a lot of differences,” Clarida said Tuesday while answering questions after a virtual speech at the 2021 Institute of International Finance Annual Membership Meeting.

“First and foremost, the 1970s were a decade of pretty substantial policy mistakes, in monetary policy. And I think central bankers learned their lesson, and I would not see a repeat of those policy mistakes.”

Check Also

U.S. Prepares for New Trade Announcements and Copper Tariffs by August

U.S. Commerce Secretary Howard Lutnick revealed plans to release 15 to 20 new trade-related directives …