Richard Clarida is a well-known academic and policymaker who most recently was the Vice Chair of the Federal Reserve Board of Governors. Richard is currently a professor of economics at Columbia university and is also a managing director at PIMCO. Richard joins David on Macro Musings to talk about his academic and policy work, as well as his outlook for FAIT, the Fed’s framework review, the future of R-Star, and more. &nbsp; Transcript for this week’s  &nbsp; Richard’s Federal Reserve  Richard’s PIMCO  &nbsp; David Beckworth’s Twitter:&nbsp; Follow us on Twitter:&nbsp; &nbsp; Check out our new AI chatbot: the ! Join the new Macro Musings ! &nbsp; Join the Macro Musings&nbsp; Check out our Macro Musings  &nbsp; Related Links: &nbsp;  by Richard Clarida and Mark Gertler &nbsp;  by Richard Clarida, Jordi Gali, and Mark Gertler &nbsp;  by Richard Clarida, Jordi Gali, and Mark Gertler &nbsp;  by Richard Clarida, Jordi Gali, and Mark Gertler &nbsp; Timestamps: &nbsp; (00:00:00) – Intro &nbsp; (00:03:04) – Richard Clarida’s Background &nbsp; (00:11:37) – Bridging the Gap Between Academic Economics and Real-World Markets &nbsp; (00:21:50) – Richard’s Journey Through the Policy World &nbsp; (00:36:29) – Constructing the Fed’s FAIT Framework &nbsp; (00:40:53) – Evaluating the Results of the FAIT Framework &nbsp; (00:54:17) – The Future of the Fed’s Framework &nbsp; (00:57:08) – The Future of R-Star &nbsp;  (01:00:50) – Outro

Richard Clarida on FAIT, R-Star, and the Future of the Fed’s Framework

Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.