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Macro at PIMCO: Beyond Duration Calls
Why the Term Premium Matters for Bond Investors
Yield Advantage
Yield Matters: A Fresh Look at Core Bonds
Will the True Treasury Term Premium Please Stand Up?
One Hike, Three Hints, and a Surprise Rate Cut
Bond Markets Overlook U.S. Debt Trajectory, For Now
Navigating Uncertainty with Alternative Investments
Major Central Banks Maintain Hard-Line Stance on Inflation
At Jackson Hole, Fed Reinforces Policy Stance

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Richard Clarida

Global Economic Advisor


Dr. Clarida is a managing director in the New York office and PIMCO's global economic advisor. Prior to rejoining PIMCO in 2022, he was the firm's global strategic advisor from 2006 to 2018. He served as Vice Chairman of the Board of Governors of the U.S. Federal Reserve System from September 2018 to January 2022. Dr. Clarida is also the C. Lowell Harriss Professor of Economics and International Affairs at Columbia University. Prior to joining PIMCO in 2006, he was Assistant Secretary of the Treasury for Economic Policy, in which he served as chief economic advisor to two U.S. Treasury Secretaries. Earlier in his career, he was with Credit Suisse and Grossman Asset Management. He has 26 years of investment experience and holds a Ph.D. and a master's degree in economics from Harvard University. He received an undergraduate degree with Bronze Tablet Honors from the University of Illinois.