Believe it or not, Fed Chair Jerome Powell is not the only person at the Fed who can make headlines. This week, Vice Chair Richard Clarida had some interesting things to say.
Clarida thinks it could take “another year or maybe more”, for GDP in the United States to recover to its previous 2019 peak. And given the dismal outlook that many members of the FOMC have had, my natural reaction is: Just one year? Not bad, we’ll take it.
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