The Fed Must Decide Between Two Policy Mistakes, Says Economist – Economics Bitcoin News - BitcoinEthereumNews.com
BitcoinThe Fed Must Decide Between Two Policy Mistakes, Says Economist – Economics Bitcoin News05/29/2022Nouvelles Bitcoin Ethereum Allianz Chief Economic Advisor Mohamed El-Erian says the Federal Reserve will have to “decide between two policy mistakes.” One risks triggering a recession and the other could prolong inflation well into 2023. “I think the time has passed for a soft landing,” the economist stressed. Mohamed El-Erian on Inflation, Recession, and the U.S. Economy Economist Mohamed El-Erian discussed where the U.S. economy is headed and the Federal Reserves plan to bring inflation under control in an interview with Bloomberg Friday. El-Erian is Chief Economic Advisor at Allianz, the corporate parent of PIMCO, one of the largest investment managers, where he was CEO and co-chief investment officer. He is also the president of Queens College, Cambridge University. He was asked what‘s feasible for Federal Reserve Chairman Jerome Powell under the current economic environment. The economist replied that “at best,” it is “what Chair Powell called a ’softish‘ landing, and the ’ish is really important.” He elaborated: I think the time has passed for a soft landing. He continued: “We could have done it but that would have implied the Fed moving nine months ago. It should have. It didnt. So, instead of