El-Erian: Too Early for Fed to ‘Downshift’ on Rate Hikes

El-Erian: Too Early for Fed to ‘Downshift’ on Rate Hikes

Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says the path of US inflation is “too problematic” for the Federal Reserve to pivot from its current policy-tightening stance on “Bloomberg The Open.”

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