Clarida Defends Himself Amid Federal Reserve Trading Controversy

The Federal Reserve’s second in command on Tuesday defended trading he undertook early last year just ahead of a key shift in monetary policy, as the coronavirus pandemic was beginning to take hold in the U.S.

“I’ve had the opportunity to serve in the Council of Economic Advisers, the Treasury and the Federal Reserve across four administrations, as part of a career in economic policy, academia and the private sector that has spanned nearly 40 years, and I’ve always acquitted myself honorably and with integrity with respect…

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