Rich Clarida's Money Splurge: Music, New Album

Former Fed Vice Chair Richard Clarida discusses his personal splurge on music gear and recording his upcoming folk-rock album 'Take Two', a follow-up to his 2016 release. - Clarida says his splurge is on music: buying guitars, recording equipment, and funding album production. - He leaves saving decisions to his wife. - His 2016 album is available on Spotify, Apple Music, and YouTube. - A new album titled 'Take Two' is coming later this year. - The genre is folk-rock, influenced by The Beatles. - Clarida writes the songs and sings, working with studio musicians in London, LA, and Nashville.