• Jul 03, 2023
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  Because the Fed was late, inflation has gotten embedded in the Service Sector, and to treat inflation in the Service Sector via Interest Rate, you undermine the Goods Sector. - El-Erian
  
  Now the Fed has paused to keep optionality.
  
  El-Erian thinks if they change their 2% target to 3 or 4 percent, they can maintain this growth.
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  Because the Fed was late, inflation has gotten embedded in the Service Sector, and to treat inflation in the Service Sector via Interest Rate, you undermine the Goods Sector. - El-Erian<br> <br> Now the Fed has paused to keep optionality. <br> <br> El-Erian thinks if they change their 2% target to 3 or 4 percent, they can maintain this growth.

  Because the Fed was late, inflation has gotten embedded in the Service Sector, and to treat inflation in the Service Sector via Interest Rate, you undermine the Goods Sector. - El-Erian
  
  Now the Fed has paused to keep optionality.
  
  El-Erian thinks if they change their 2% target to 3 or 4 percent, they can maintain this growth.

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