The Fed got it wrong and is late again, top economist says, as job gains collapse
via fortune.com
Short excerpt below. Read at the original source.
Mohamed El-Erian said the Federal Reserve made another policy mistake, echoing President Donald Trump’s criticism of the central bank and Chairman Jerome Powell. The remarks came after the latest jobs report revealed the U.S. economy added just 22,000 jobs in August with revisions to prior months showing June actually saw a decline. Allianz chief economic advisor […]