The Federal Reserve will have to 'decide between two policy mistakes,' said the economist. Fed recession inflation
Recession or Prolonged Inflation: The Fed Must Decide Between Two Policy Mistakes, Says Economist
El-Erian is Chief Economic Advisor at Allianz, the corporate parent of PIMCO, one of the largest investment managers, where he was CEO and co-chief investment officer. He is also the president of Queens’ College, Cambridge University. Noting that “it is very difficult to get a soft landing,” the economist stated that “the best you can hope for right now is a soft-ish landing.” However, he said the probability of that happening is “Not as high as [he] would like it to be.”The Fed is going to have to decide between two policy mistakes. Hit the brakes too hard and risk a recession or tap the brakes in a stop-go pattern … and risk having inflation well into 2023.
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