The risk of a flip-flopping Fed

Well-informed Fed with a credible vision for the future minimises the risk of disruptive financial market overshoots

Mohamed El-Erian

©The Financial Times Limited 2020 Jun 29, 2022 / 02:16 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.

A vehicle passes by the Marriner S. Eccles Federal Reserve building in Washington, D.C. Photographer: Stefani Reynolds/Bloomberg

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The risk of a flip-flopping Fed

Well-informed Fed with a credible vision for the future minimises the risk of disruptive financial market overshoots

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