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Saturday, May 18, 2024
Mohamed El-Erian says ‘humbled’ Fed needs skill, time and luck to engineer a soft landing after Powell touts half-point hike

Mohamed El-Erian says ‘humbled’ Fed needs skill, time and luck to...

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Economist Mohamed El-Erian said the Federal Reserve needs skill, time, and luck to nail a "soft landing". He said the central bank was too slow to tackle inflation but had now been "humbled" and understood the issue. El-Erian warned of recession after Fed Chair Powell touted half-point rate hikes to tame inflation. Loading Something is…

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