mohamed el-erian Archives - Marketplace

Mohamed El-Erian on Fed's inflation target: "There's nothing scientific about 2%"

by Kai Ryssdal and Sarah Leeson

Aug 3, 2023

The investor and college president calls the Fed's stance backward-looking and worries that more rate hikes may lead to a recession.

El-Erian has criticized the Fed's actions through the country's struggle with inflation but says the central bank's final grade is yet to be determined.

Rob Kim/Getty Images

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