Economics
El-Erian, Like Trump, Says Fed Would Benefit From ‘Better Feel’
- Allianz eco adviser sees 2.5-3% growth, no recession on tap
- Thousand-point swings in the Dow are ‘new reality’ for now
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The Federal Reserve realizes that it can’t put its key policy tool, the federal funds rate, on autopilot, and that it needs to better communicate its policy decisions, said Mohamed El-Erian, Allianz SE’s chief economic adviser.
“Even the Fed is understanding that it needs to communicate better,” El-Erian said in an interview on “Fox News Sunday.” It needs to “show that it is more sensitive to markets and what’s happening outside,” or what President Donald Trump has called getting “a better feel for what’s going on,” El-Erian said.