Blog: Clarida Returns to Pimco After Fed Cleared Him in Trading Probe – Bloomberg

Former Federal Reserve Vice Chair Richard Clarida will return to bond giant Pacific Investment Management Co. as global economic adviser following his exit from the central bank in January and the conclusion of an internal Fed probe into his personal trading, which found that he hadn’t broken any rules. 

At the Fed, Clarida — who’s considered a pioneer in modern monetary economics — worked closely with Chair Jerome Powell in devising the new framework for policy that was published in August 2020. 

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