People: Pimco re-hires Fed’s Clarida
Burundian president replaces central bank chief; Israeli research chief stepping down
US: Richard Clarida, who resigned from the US Federal Reserve in January, has been rehired by his former employer, Pimco.
From October, Clarida will be a managing director and global economic adviser at the bond-focused investment firm. He previously worked for Pimco from 2005–2018, where he held the position of global strategic adviser, a similar role to the one he will take up later this year.
In 2018, Clarida moved from Pimco to the Fed, where he served as vice-chair responsible for
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