After the most recent Fed rate hike, Allianz Chief Economic Advisor Mohamed El-Erian talks about how he thinks the Fed has an issue with ‘excessive data dependency.’ The segment is from August 2, 2023.
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US Congress not allowing Powell and Fed central bank get economy into recession before election 2024
That’s true. Pausing rate hikes now and having inflation accelerate later would force the Fed to take a more hawkish approach, all but guaranteeing a painful recession. Better to have short term pain to avoid such a shock. But after hiking most of the past 16 months, everyone is just sick of it.
Great storytelling!
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I believe they already do that, while yes posting quarterly updates that typical of stay the same as their annual update. Please, re!one yourself that those outside of industry greatly influence all others. Sure, foxy commentary may provide strategy, but I believe a well informed industry created best economic input.
Another way of putting this is : Don’t drive from the rear 😂 .