This Dollar Rally May Be Different: Pimco's Clarida

The transcript discusses the movement of the US dollar and its impact on the Federal Reserve's rate hike decisions. It explores the influence of US fiscal policy on the Fed's actions and the global bond market's response. The potential strong dollar policy under President Trump is analyzed, considering its effects on exports and jobs. Additionally, the transcript covers political risks in Europe, including the Italian referendum and other elections, and their implications for markets.

What does the term 'rate of change' signify in the context of the Fed's monetary policy?

How do changes in US fiscal policy affect global bond markets?

What are the potential risks associated with the upcoming political events in Europe?