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Top economist Mohamed El-Erian said many have lost faith in the Fed. Photo by Rob Kim/Getty Images The Fed raised interest rates by 75 basis points on Wednesday, marking its third straight rate hike. It signaled more hikes ahead to tame inflation, but the move risks tipping the economy into recession. El-Erian said higher, faster […]
REUTERS/Fred Prouser President Donald Trump is reportedly considering Allianz chief economic advisor and ex-Pimco CEO Mohamed El-Erian for Fed board governor. The news has been reported by Dow Jones/WSJ and CNBC, each citing a single anonymous source. El-Erian has plenty of financial sector experience and monetary policy knowledge but could be criticized for being a creature […]
