El-Erian Says ‘Slave-to-the-Market’ View Dents Fed’s CredibilityBy and
Fed needs to take multi-year vision, look past short-term data
Risk is losing stature, like Bank of Japan, El-Erian says
The Federal Reserve has become too dependent on short-term economic indicators and risks confusing financial markets with its shifting views, said Mohamed El-Erian, the chief economic adviser of Allianz SE.
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