Former Federal Reserve Vice Chairman comments on the rate decision: "Constructive dovish," AI and tax cuts can offset oil price shocks

2026-04-08 20:32:06

Pimco’s global economic adviser and former Federal Reserve vice chair Clarida said the Federal Reserve’s interest-rate decision is “constructively dovish.” He added that artificial intelligence provides support to economic demand, and to some extent, together with the BBB (the Great Beautification Act) tax-cut measures, it may offset the drag from higher oil prices.

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