1. The Fed
Clarida flexed his hawkish feathers with Friday's comment that "it may well be appropriate at [the December] meeting to have a discussion about increasing the pace at which we're reducing our balance sheet". But, if we can channel Mandy Rice-Davies for a moment, he would say that, wouldn't he? The clock is ticking on his time at the Fed, with only two meetings left before his term expires, and the December one the more . . .
To read this article, please log in or sign up to one of our subscription packages.