US Economy Is Lacking Anchors, Mohamed El-Erian Says

Mohamed El-Erian, Queens' College Cambridge president and Bloomberg Opinion columnist, explains the three things he wants to hear from Federal Reserve Chair Jerome Powell at this week’s Jackson Hole economic symposium. His opinions are his own.

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[KungPowEnterFist]

This is why the Fed needs to stop doing the press conferences and interviews on financial media.

[matthewmolina]

El-Erian, always, has sound, sensible, good advice, with explanation.

[johnm]

Jerome P. Is perhaps the biggest anchor ⚓️ of this economy. 💯🎯

Too slow to raise rates, and now too slow to start reducing rates. How has he managed to keep his job????

[GiftCard-lh]

The reason why Powell doesn’t do any of that is because he’s playing a political game. The fed has never been as biased as it is now

[milosnestorovic]

Complete clear, Unfortunately Inevitable now, also All is Uncertainty, All....

[vishalsaroha]

Can Powell reduce rates with a weakening currency and a strengthening Yen?

[TillerAudley-dl]

Друзья навели меня на этот казик) и не зря) я тут теперь частенько пропадаю) офигенная тема

[jaym]

FED needs to print lots of funny money for the rich for it to trickle down to workers.

[akashpaul]

oh yeah, powell will come out at jackson hole and tell the entire US economy we are in stagflation? do me a favour they will never be that transparent.

[AcmePotatoPackingPocatello]

1979 fully 90% of every PURCHASE was stamped
Made in USA

[snoopcow]

This guy has been bearish since 2008 yet they keep giving him free air time to spew non-sense.

[manubhatt]

I don't know which idiot in the US came up this idea of an absolute target of 2% inflation.

You look around the world and you find a staggering correlation between economic growth and inflation. There are no absolutes here! In my country India, the target is not 2% but 4-6% because of the high economic growth.

The target should be the GDP growth! - whatever that is at that time.

Now to achieve this absolute and foolish target of 2%, what the FED is actually doing is deliberately stiffening the actual growth potential of US economy!

[Fgji]

Fed will maintain the growth trajectory while allowing things to normalize. Unemployment shouldn't rise much. And this is the floor. 3% growth 2% inflation. By 1st quarter next year. We'll be fine. Economy and the Fed well positioned. There will be no recession. Fear mongering is almost over. Normal is coming.

[MartinaPaulinodelarosa]

Martina Paulino de la rosa libing create Virginia petróleo. Weter junior create petróleo Virginia 500