Lessons Of The Impending CREmation
Mohamed El-Erian is one of the more sensible Keynesian commentators around town, but he has lately taken to urging the Fed to “pause” its rate-hiking campaign. To be sure, this comes from a position of purported even-handedness—since El-Erian avers that the Fed has been wrong all along, first easing too much and now tightening too […]