Pimco's Clarida on US Economy, Future of the Federal Reserve

• The US economy is described as 'remarkably resilient' with growth potentially exceeding 2% for 2025, driven by tech capital spending and fiscal stimulus, with inflation remaining largely flat.
• While some companies express caution and uncertainty, particularly outside the tech sector, the overall economic picture remains positive, with a 'K-shaped economy' benefiting asset owners.
• Regarding the Federal Reserve, Rich Clarida identifies Chris Waller, Kevin Warsh, and Rick Rieder as leading candidates for Fed Chair, each bringing distinct strengths, with no pick expected to significantly surprise bond markets.
• The Supreme Court appears wary of President Trump's bid to fire Fed Governor Lisa Cook, suggesting a high likelihood she will remain in her role, which Clarida views as a positive sign for Fed independence and credibility.

Pimco's Rich Clarida expresses optimism about the US economy, noting its resilience, solid growth, and stable inflation, despite some corporate caution. He also discusses the ongoing Federal Reserve leadership selection process under former President Trump, highlighting key candidates and the Supreme Court's apparent skepticism regarding efforts to remove Fed Governor Lisa Cook, reinforcing confidence in Fed independence.