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Two potential picks to interchange Fed Chair Powell stand out: El-Erian
Allianz chief financial advisor Mohamed El-Erian analyzes the state of inflation, the Federal Reserve and the worldwide financial system on The Claman Countdown. Allianz chief financial advisor Mohamed El-Erian mentioned Wednesday that he sees two of the contenders to interchange Federal Reserve Chair Jerome Powell rise above the remainder of the pack. El-Erian appeared on FOX Enterprise…
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@mohamed.el.erian sees the rollercoaster ride in financial markets, with Friday’s surprisingly strong US jobs report producing the latest drop, as another lesson for Chairman @daddyjpow and his Federal Reserve colleagues. “Once again, Fed communication has contributed to undue volatility in markets,” the Gramercy Funds chairman and Bloomberg Opinion columnist said on @Bloomberg Television’s The Open. “While Chair Powell went out of his way to be balanced” in remarks earlier this week, “he did not push back in any way against what already was a significant rally in markets. While he said other things, including warning about inflation, he didn’t realize where the technicals of this marketplace were. He didn’t realize the behavioral aspects. And that’s why you got this overreaction.” #Stoccoin #WallStreet #ElErian https://www.instagram.com/p/Clsig2jM1zi/?igshid=NGJjMDIxMWI=
