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Mohamed El-Erian

President at Queens'​ College, Cambridge

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Good morning. US Federal Reserve Chair Jerome Powell talks to lawmakers today (semi-annual Congressional testimony). Coming on the heels of White House talk of a $1 trillion infrastructure program and retail sale data, there will be particular interest in how he characterizes the what and why of the policy approach. While on central banks, and as detailed below, the Bank of Japan confirmed the "pedal to the metal" policy approach ... significantly expanding its economic loan support program while keeping policy rates unchanged https://lnkd.in/g5Y3pn8 #boj #economy #markets #investors #investing #japan #federalreserve #centralbanks #volatility #fed #interestrates …see more

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