Richard Clarida

Search Dictionary

Definition of 'Richard Clarida'

Richard Clarida is an American economist who currently serves as the Vice Chair of the Board of Governors of the Federal Reserve System. He was nominated by President Donald Trump and confirmed by the Senate in April 2018 for a term of four years, and was reappointed by President Joe Biden in 2021.

As Vice Chair, Clarida plays a key role in setting and implementing U.S. monetary policy, including decisions related to interest rates and the regulation of the financial sector. He is also responsible for supervising and regulating the country's banking system, as well as for developing and implementing policies related to financial stability.

Prior to his appointment to the Federal Reserve, Clarida was a professor of economics and international affairs at Columbia University, and had also served as a consultant to the International Monetary Fund (IMF) and the U.S. Treasury Department. He has authored numerous books and articles on macroeconomics, monetary policy, and international finance, and is considered an expert in his field.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.