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Another annus horribilis for the Fed

CAMBRIDGE — On the 40th anniversary of her accession to the throne, Queen Elizabeth II remarked that, “1992 is not a year on which I shall look back with undiluted pleasure. In the words of one of my more sympathetic correspondents, it has turned out to be an annus horribilis”. The late monarch’s now-famous speech followed a year of uncomfortable developments for the Crown,
United Kingdom Mohameda El Erian University Of Cambridge Wharton School Of The University Pennsylvania Queen College Queen Elizabeth

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The cost of the Fed's challenged credibility

CAMBRIDGE  —  Financial markets’ reaction to the US Federal Reserve’s (Fed) latest policy move was reminiscent more of developing countries than of the world’s most powerful economy. Given that the Fed is the world’s most systemically important central bank, this is more than just a curiosity. It has implications for America’s economic well-being, and that of the rest of the
United Kingdom United States Jerome Powell Mohameda El Erian University Of Cambridge Wharton School Of The University Pennsylvania

The problem with the current Russia sanctions regime

 CAMBRIDGE  —  It has been seven months since Europe and the United States imposed tough economic and financial sanctions on Russia, a G-20 country that was the world’s eleventh-largest economy on the eve of its invasion of Ukraine. While the sanctions have been gradually strengthened in the intervening months, debate rages about their effectiveness, the war’s broader
United States United Kingdom Mohameda El Erian International Monetary Fund European Commission International Settlements

The problem with the current Russia sanctions regime

 CAMBRIDGE  —  It has been seven months since Europe and the United States imposed tough economic and financial sanctions on Russia, a G-20 country that was the world’s eleventh-largest economy on the eve of its invasion of Ukraine. While the sanctions have been gradually strengthened in the intervening months, debate rages about their effectiveness, the war’s broader
United States United Kingdom Mohameda El Erian International Monetary Fund European Commission International Settlements

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