The Federal Reserve cannot achieve its inflation target without crushing the U.S. economy, the economist warned. Fed
Economist Mohamed El-Erian, Allianz’s chief economic advisor and chair of Gramercy Funds Management, has warned that the Federal Reserve cannot achieve its 2% inflation target without crushing the U.S. economy. “You need a higher stable inflation rate. Call it 3% to 4%,” the economist suggested.Economist Mohamed El-Erian warned on Friday that the Federal Reserve cannot achieve its inflation target of 2% without “crushing the economy.
I don’t think they can get CPI to 2% without crushing the economy, but that’s because 2% is not the right target.
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