Bloomberg Surveillance · Friday, August 28, 2026
Richard Clarida, Global Economic Advisor at PIMCO and former Fed Vice Chair, suggested that Fed Chair Kevin Warsh should provide more insight into his framework for tackling inflation in his Jackson Hole speech. Clarida believes that explaining his approach to achieving price stability would be valuable, especially since inflation has been above the 2% target for five years.
“But I would advise him also to at least spend some time giving the audience and giving markets the sense of the Kevin Warsh framework for thinking about how we're going to get inflation down to You know, he says inflation is a choice, and I agree with him.”
“So at least some insight into his framework for getting to price stability, I think, would be valuable.”