What Happened: Esteemed economist Mohamed El-Erian aired his apprehension regarding the Federal Reserve’s recent Federal Open Market Committee press conference on Tuesday.
El-Erian frets that the economic and policy signals may be perceived as “confused and confusing” by many.
The economist suggested this confusion could be interpreted in two ways. Some might see it as an unavoidable result of the current inflation and policy cycle, while others might regard it as further signs of the Fed’s communication challenges.
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