Mohammed El-Erian believes that the Federal Reserve's practice of delaying interest rate cuts to curb inflation poses a risk of acting too slowly. “The Federal Reserve changed direction based on the data. This is the exact opposite of the turn they made last December — now they have to make a 180-degree turn,” author El-Erian, dean of Queen's College at Cambridge University, said on Friday. “They're making a 180-degree turn to keep interest rates higher for longer, and the market is moving in the opposite direction.”
埃尔-埃里安：美联储180度大转弯 2%的通胀目标是武断的
El Erian: The Fed's 180-degree turnaround 2% inflation target is arbitrary
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