El-Erian says the Fed has turned into a play-by-play commentator
Mohamed Aly El-Erian, Chief Economic Advisor at Allianz SE. Bloomberg | Getty Images The US Federal Reserve has become too dependent on data and has lost sight of its overall strategy, Mohamed El-Erian, Allianz’s chief economic adviser, said on Friday. The economist told CNBC that a longer-term, more strategic perspective could lead policymakers to agree…