El-Erian says the Fed has turned into a play-by-play commentator
Mohamed Aly El-Erian, chief economic advisor for Allianz SE. Bloomberg | Getty Images The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic advisor at Allianz, said Friday. The economist told CNBC that a longer-term, more strategic outlook could see policymakers settle on a … Read more