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Richard Clarida

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101

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2017-08-03

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2017-08-03

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1

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1. “Well, you know, Barry was a very eventful time. In fact, interestingly enough, my first day on the job at Treasury was September 11th, 2001. So we all know where we were, but I was just checking out my office. And you may know Peter Fisher. I was in Peter Fisher's office when the Second Tower got hit. And then we were evacuated at Treasury. I actually saw people streaming out of the White House and someone said, the Pentagon's been hit, so we're next. It was actually quite scary on Jake. I can imagine. Sure. But it wasn't eventful time economically. The dot-com, of course, we did have the bursting of the dot-com bubble. When I arrived in September, Barry of 2001, the data was sort of close to indicating a recession on September 10th. The MBER hadn't called it yet, certainly the day after we thought we were going into a recession. So in retrospect, given everything that's happened since then, it may seem”

   2017-08-03 · Masters in Business · Richard Clarida of Pimco on the New Neutral of Monetary Policy · IDENTIFIED FROM THE TRANSCRIPT · source