The Fed could have to quietly abandon its goal of getting inflation down to 2% next year, Mohamed El-Erian says

Dec 12 2022 by Business Insider

 
Mohamed El-Erian has warned that the Fed has fallen behind in the battle against inflation – which could cause it to quietly abandon its 2% target next year.

Shannon Stapleton/Reuters

The Federal Reserve may have to cast aside its 2% inflation target in 2023, according to Mohamed El-Erian. Inflation has cooled from four-decade highs but still ran at an elevated 7.7% in October. The Fed’s “road from here does not get much easier,” El-Erian said Monday.

The Federal Reserve may have to...

Continue Reading The Fed could have to quietly abandon its goal of getting inflation down to 2% next year, Mohamed El-Erian says