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Mohamed El-Erian: The Federal Reserve Continues to Fall Behind the Curve
The central bank demonstrated it was at least paying attention to economic developments, but it’s compounding an unnecessary risk. Some observers have characterized the outcome of the Federal Reserve's meeting on Wednesday as a "hawkish surprise." That is only the case if expectations were for a policy deliberation that was blind to what has
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Posted: June 17, 2021 Thursday 10:49 AM