The distant cry of hawks? Fed begins tightening talk

Richard Clarida gives a date for hiking interest rates, as debate on taper timing continues

Richard Clarida
Richard Clarida
Britt Leckman

Federal Reserve vice-chair Richard Clarida said on August 4 that he expected the Fed will be ready to raise interest rates in early 2023.

Clarida’s comments add to an intensifying discussion about when the Fed will begin tightening its very loose monetary policy and tapering quantitative easing. However, this tightening talk is by no means the consensus view yet among Fed leaders.

In a speech to the Petersen Institute for International Economics, Clarida reiterated the Federal Open Market

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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