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Market Cap: $2,436,697,908,746     
24h Vol: $109,845,975,901
Bitcoin.com 2023-02-19 03:30:18

Economist Warns the Fed Can’t Reach Inflation Target Without ‘Crushing’ US Economy

Economist Warns the Fed Can’t Reach Inflation Target Without ‘Crushing’ US Economy
Economist Mohamed El-Erian, Allianz’s chief economic advisor and chair of Gramercy Funds Management, has warned that the Federal Reserve cannot achieve its 2% inflation target without crushing the U.S. economy. “You need a higher stable inflation rate. Call it 3% to 4%,” the economist suggested. The Fed Could Crush US Economy, Economist Warns Economist Mohamed
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