The Fed must do two items to re-set up trustworthiness, Allianz’s El-Erian says

The Fed must do two items to re-set up trustworthiness, Allianz’s El-Erian says


Important Details
  • Fed Chairman Jerome Powell struck a hawkish tone during his speech at the Jackson Hole financial symposium previous week.
  • El-Erian gave the Fed credit for developing a obvious and regular message, but explained it would need to do two extra matters in order to give its forward assistance credibility from right here on out.



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