M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
Comments over the last 24 hours highlight two of the tricky trade-offs facing the Federal Reserve: Those by Minneapolis Fed President Neel Kashkari point to the tension between banks' maintaining safety and soundness of the banking system and the pressure on them to extend more credit; and Those by Dan Loeb's remarks (below) and others in the marketplace are part of a push back against Fed for buying junk bonds, distorting markets, encouraging excessive risk taking and enabling more debt accumulation by high credit risk companies. #markets #federalreserve #fed #bonds #investing #economy #FT
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