Jerome Powell needs to be bold and detail the Fed’s next steps at Jackson Hole for the sake of the economy, Mohamed El-Erian says

Mohamed El-Erian, Chief Economic Adviser of Allianz appears on a segment of

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Famed economist Mohamed El-Erian wrote in a Financial Times op-ed that the upcoming Jackson Hole event is a valuable opportunity for Federal Reserve chairman Jerome Powell to be bold and regain the policy narrative.

“The longer Powell waits to detail his own thinking, the greater the challenges to maintaining Fed unity, and the bigger risk that the central bank will be forced into a more disorderly slamming of the policy brakes down the road,” he wrote.

Central bankers will gather for the virtual Jackson Hole symposium, which is scheduled to take place from August 26 details ⇒

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