"Monetary policy is the wrong tool": Why economist El-Erian thinks the Fed is making a mistake - NewsBreak

During his virtual speech at the Kansas City Federal Reserve's annual Jackson Hole Economic Policy Symposium, Fed Chair Jerome Powell said he believes the central bank's policy is "well positioned" for this economic moment. Economist Mohamed A. El-Erian, the president of Queens' College at the University of Cambridge and former CEO of Pimco, disagrees.