U.S. ECONOMY NEEDS EXTRA SUPPORT FROM MONETARY AND FISCAL POLICY: FED VICE CHAIR CLARIDA

Highlights

• Clarida said that it will take some time to return to the levels of economic activity and employment that prevailed at the business cycle peak in February, and additional support from monetary and likely fiscal, policy will be needed

• Clarida’s re...

RICHARD CLARIDA: THE ECONOMY WILL CONTINUE TO RECOVER THROUGH THE YEAR

Highlights

• It shall return to its pre-pandemic level by the end of 2021
• A rebound in economic activity will be observed in third-quarter data

On Wednesday, Richard Clarida said that he expects the economy to continue to recover throu...