People: Pimco re-hires Fed’s Clarida

Richard Clarida
Richard Clarida
Photo: US Federal Reserve/Flickr

US: Richard Clarida, who resigned from the US Federal Reserve in January, has been rehired by his former employer, Pimco.

From October, Clarida will be a managing director and global economic adviser at the bond-focused investment firm. He previously worked for Pimco from 2005–2018, where he held the position of global strategic adviser, a similar role to the one he will take up later this year.

In 2018, Clarida moved from Pimco to the Fed, where he served as vice-chair responsible for

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