Warsh's 'Ambitious Agenda' Needs Broad Market Understanding: Clarida

Richard Clarida, a former Federal Reserve Vice Chairman now serving as a global economic adviser for Pimco, said on Friday that the Federal Reserve risks creating uncertainty if it changes its preferred inflation measure without clear communication about what policymakers are targeting. His comments followed Chairman Kevin Warsh's proposal to review alternatives to the core personal consumption expenditure index, the Fed's current inflation benchmark. Clarida made the remarks during an appearance on Bloomberg Money.

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