Federal Reserve
El-Erian says Fed has no vision, warns of overtightening risks
“That is not how you drive policy and it’s certainly not how you drive policy when the impact of policy happens with a lag,” Mohamed El-Erian said. “This is the first Fed I know that has not gotten it.”
Read MoreFed’s Barkin says inflation-rate drop may be soft-landing signal
Federal Reserve Bank of Richmond President Thomas Barkin said the greater-than-expected easing in inflation in June may be an indication that the U.S. economy can have a “soft landing,” returning to price stability without a damaging recession.
Read MoreFed needs to hike rates a bit more, Taylor rule creator says
The Federal Reserve needs to raise interest rates a bit further to rein in an inflation rate that’s too high, monetary expert John Taylor said.
Read MoreAtlanta Fed president owns up to more errors in financial disclosure
All 12 regional Federal Reserve banks released financial information from their presidents on Thursday, including new errors that Federal Reserve Bank of Atlanta President Rafael Bostic acknowledged. Such disclosures have taken on increased significance after a slew of scandals in recent years.
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