El-Erian Says Fed Contributing to ‘Undue’ Market Volatility
[embedded content] Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says markets are giving back an “overreaction” to Federal Reserve Chair Jay Powell’s speech on Wednesday after Friday’s strong jobs report. “Once again, the Fed didn’t understand the behavioral aspects of markets. So while Chair Powell went out of his way to be […]
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