A jogger runs past the US Federal Reserve in Washington, DC on August 18, 2022. (Photo by MANDEL NGAN / AFP)
NEW YORK: Allianz SE chief economic adviser Mohamed El-Erian says the United States economy is on “a bumpy journey to a better destination,” though the risk of a US Federal Reserve (Fed) overshoot that tips the country into recession persists.
“Not only does it have to overcome inflation, but it has to restore its credibility,” El-Erian said of the US central bank in a CBS News interview.
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