Mohamed A. El-Erian

Per the Financial Times chart below, US wage growth for the lowest-paid has now slumped below that for the highest-paid, widening the considerable inequalities in total pay and wealth. #economy #inequality #wages @financialtimes.com

Some have asked me to elaborate on my earlier post on the Federal Reserve, so let me start with two hypotheses. The first, and I feel very strongly about this,is that central bank independence is critical for better economic outcomes. It is a core principle that guides my thinking on this issue...

This morning, US government criticism of both Federal Reserve Chair Powell and the institution itself has broadened to include "mission creep" and the effectiveness of other officials. The developments of the last few days reinforce my view: If Chair Powell's objective is to safeguard the... 1 of 3