El-Erian blasts Fed, saying it should have been ‘laser-focused’ on market failures and cut rates later – CNBC

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El-Erian blasts Fed, saying it should have been ‘laser-focused’ on market failures and cut rates later – CNBC

Mohamed El-Erian said Monday the Fed wasted a large part of its monetary policy arsenal to fight the economic fallout of the coronavirus by doing things backward.
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