The Federal Reserve cut interest rates by 25 basis points at the central bank’s September meeting.
Economist Mohamed El-Erian, president of Queens’ College Cambridge, former chair of President Obama’s Global Development Council, and former deputy director of the International Monetary Fund, outlines two things that he thinks the Fed needs to clarify to successfully function as a “policy anchor” for the US economy.
Check out Yahoo Finance’s full interview with Mohamed El-Erian.
To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here: https://finance.yahoo.com/videos/series/market-catalysts/
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