Richard H Clarida

Richard H. Clarida is the C. Lowell Harriss Professor of Economics and International Affairs at Columbia University where he has taught since 1988. From February 2002 until May 2003, Clarida served as the Assistant Secretary of the United States Treasury for Economic Policy, a position that required confirmation by the US Senate. In that position, he served as chief economic advisor to the Treasury Secretary, and advising him on a wide range economic policy issues, including the U.S. and global economic prospects, international capital flows, corporate governance, and the maturity structure of U.S. debt. In May 2003. Clarida announced in January 2022 that he will step down from the central bank two weeks earlier than his term was scheduled to end, in the wake of renewed questions about his trading activity at the onset of the pandemic. Clarida, whose term was set to end Jan. 31 2022, quietly admitted last month that he had failed to fully disclose financial transactions in February 2020, the latest revelation in a string of ethics problems at the central bank. He becomes the third top Fed official to resign over a trading scandal linked to the central bank's efforts to boost the economy. From 1997 until 2001, Clarida served as chairman of the Department of Economics at Columbia University. Earlier in his career, Clarida taught at Yale University and served in the Administration of President Ronald Reagan as Senior Staff Economist with the President's Council of Economic Advisers. Global Strategic Advisor, PIMCO Member, Council on Foreign Relations Member, National Bureau of Economic Research Co-editor, NBER International Macroeconomics Annual Co-Managing Editor, Journal of Applied Financial Economics BS, University of Illinois MA, Harvard University PhD, Harvard University