Fed Can’t Reach 2% Inflation Without Crushing Economy, El-Erian Says — Stable inflation rate should be 3-4%, El-Erian told Bloomberg — The Fed is unlikely to change its goal post, he said (Bloomberg)
The Federal Reserve won’t be able to get US inflation down to its 2% target without “crushing the economy,” economist Mohamed El-Erian warned on Friday, but he said the central bank is unlikely to officially change that goal post. “You …