Fed needs to do two things to restore credibility, says Allianz’s El-Erian
Though it has now established extra constant messaging for the market, the US Federal Reserve must do two extra issues to revive its credibility, based on Mohamed El-Erian, chief financial adviser at Allianz. Fed Chairman Jerome Powell struck a hawkish tone throughout his speech on the Jackson Gap financial symposium final week, reinforcing the central … Read more