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(Bloomberg) -- Federal Reserve policy makers risk slamming the brakes too hard on the economy by reacting aggressively to each data point that comes in, said Mohamed El-Erian, the chief economic adviser at Allianz SE. They should, he said, establish a longer-term vision for where interest-rate policy is heading.Most Read from BloombergIsrael Latest: China Sends Envoy to Cairo, US Senators in SaudiHere’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground W

(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said that returning inflation to the central bank’s 2% goal is his priority, while stressing long economic expansions are especially helpful to disadvantaged workers.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearWall Street Hit by Volatility on Geopolitical Risk: Markets WrapHere’s What 8% Mortgage Rates Will Do to the Housing MarketTrump Is Winning Over Swing-State Vote