Archives | Department of Economics at Columbia University

Fed Nominee Clarida Promises ‘Balanced Approach’ to Monetary Policy

Richard Clarida, the Columbia University economist tapped to serve as the Federal Reserve’s No. 2 official by President Donald Trump, said he would “fully support” the central bank’s mission and promote accountability that preserves its independent status. In prepared testimony released Monday by the Senate Banking Committee ahead of a hearing on his nomination Tuesday, Mr. Clarida said he would support interest-rate policy that takes a “balanced approach” to achieving the central bank’s goals of stabilizing prices and maximizing sustainable employment.

Finland’s Rank as the World’s Happiest Country is Very Upsetting in Finland

Respondents weren’t asked why they rated themselves as they did. But the three economists who edited the Report – Jeffrey Sachs of Columbia University in the U.S., John F. Helliwell of the Canadian Institute for Advanced Research, and Richard Layard of the London School of Economics—pointed out several factors that tend to contribute to national well-being, including GDP per capita, life expectancy, lack of corruption, and social support.

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