Lessons Of The Impending CREmation

Mohamed El-Erian is one of the more sensible Keynesian commentators around town, but he has lately taken to urging the Fed to “pause” its rate-hiking campaign. To be sure, this comes from a position of purported even-handedness—since El-Erian avers that the Fed has been wrong all along, first easing too much and now tightening too […]
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