Reported 1 day ago
Economist Mohamed El-Erian argues that the Federal Reserve requires 'fundamental reform' following a recent interest rate cut. He emphasizes the necessity for greater accountability, transparency, and cognitive diversity within the Fed to avoid groupthink and enhance decision-making. El-Erian references successful practices from other central banks like the Bank of England, advocating for a diverse range of viewpoints in the Fed's leadership to improve outcomes.
Source: YAHOO