The Fed just can’t seem to strike the right chord in the current economy. Economist Mohamed El-Erian, who was reportedly considered for a Federal Reserve spot, has a bone to pick with central bankers. In just three short months, the Fed has done an about-face on the strength of the economy, giving investors around the world whiplash. Allianz’s chief economic advisor believes that the pendulum has swung too far in the direction of a cooling economy after previously swinging too far the other way. He told CNBC: “I think they went a little too far. In the fourth quarter, they
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