El-Erian Says the U.S. Alone Has Exited the ‘New Normal’
- U.S. finding ‘higher growth equilibrium’ of 2.5% to 3%
- Federal Reserve can ‘safely’ hike as neutral rate rises
Mohamed El-Erian
Photographer: Patrick T. Fallon/Bloomberg
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Americans can wave goodbye to the “new normal,” according to the man who popularized the term.
Allianz SE chief economic adviser Mohamed El-Erian (who is also a Bloomberg Opinion columnist) says the world’s largest economy has finally broken out from its post-crisis malaise.