El-Erian Sees Fed Quietly Adopting Higher Inflation Target: Surveillance
Bloomberg Opinion columnist Mohamed El-Erian says the Federal Reserve is in a quandary
Mohamed El-Erian, Bloomberg Opinion columnist and president of Queens' College, Cambridge, says Federal Reserve will entertain a slightly higher inflation target.
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Mohamed El-Erian has two conclusions from this week's data. Demand is weakening so much that companies no longer have the ability to significantly jack up prices. At the same time, they are grappling with the rising cost of doing business in a world where input prices are still rising.