Covid-19 biggest threat to Fed mandate ‘in our lifetimes’ – Clarida

Richard Clarida
Richard Clarida
Britt Leckman

The Covid-19 pandemic poses the biggest threat to the Federal Reserve’s ability to maintain low unemployment and stable prices “in our lifetimes”, its vice-chair Richard Clarida said on May 22.

Clarida said he expects the economic shock to be disinflationary both during the lockdown phase and recovery.  Unemployment will remain elevated this month but will begin to decline in the second half of the year, he said.

“While the Covid-19 shock is disrupting both aggregate demand and supply, the net

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: