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Mohamed El-Erian: Banking turmoil intensifies the need for better Federal Reserve policymaking
A firmer anchor is required to deal with the policy trilemma over the US economy. Many commentators have rushed to embrace the view that Federal Reserve policy is now in a new world following the sudden failure of three US banks and the deployment of “bazooka measures” to safeguard the financial system. But in reality, the developments
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Posted: March 20, 2023 Monday 01:01 AM