Fed Wants Inflation Now, Will Clean Up ‘Mess’ Later: El-Erian
Jeff Cox, CNBC
The Federal Reserve and Chairman Ben Bernanke not only are willing to tolerate inflation but actually are trying to create it, with a “mess” left behind for their successors to clean up, Pimco’s Mohamed El-Erian told CNBC.
El-ErianThe reason, the Pimco CEO said, is that the risks outweigh the rewards as the central bank tries to [...]
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