El-Erian Says Fed Risks Instability, Excess by Keeping Rates Low

  • Last thing we want is ineffective central bank, he says
  • Allianz’s El-Erian praises Fischer’s speech as ‘excellent’

El-Erian: Federal Reserve Needs to Lead the Market

Allianz SE’s Mohamed El-Erian said that Federal Reserve officials need to consider the costs of keeping interest rates low, even as the U.S. economy is pressured by diminished worker productivity.

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