‘There Is Great Risk Of Recession In The U.S. With Current Monetary Policy’

There is a high risk of a recession in the U.S. due to the conduct of monetary policy by the Federal Reserve, because inflation is too high and there is a structural change on the supply side that macroeconomic models do not capture very well. In an interview with Estadão/Broadcast, El-Erian argues that the Fed will wake up to the situation and reduce monetary…