Clarida of Pimco Sees Fed Rate Cut, Continued Dollar Decline

Richard Clarida, global strategic adviser at Pacific Investment Management Co. and professor at Columbia University, talks with Bloomberg's Kathleen Hays in New York about the performance of the U.S. dollar against the euro and the outlook for the U.S. housing market, Treasury yield curve and corporate earnings growth. The dollar approached an all-time low versus the euro and declined against most major currencies as a government report on inflation added to concern the U.S. economy is slowing. (Source: Bloomberg)

Bloomberg | April 17, 2007

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