Top economist Mohamed El-Erian once again warns of the 'biggest Fed policy mistake in several decades'
Top economist Mohamed El-Erian has once again warned that the Federal Reserve's recent monetary policy choices could turn out to be their biggest mistake in decades.
"As first mentioned almost a year ago, I fear that this may well end up being the biggest #Fed policy mistake in several decades," El-ErianHe highlighted commentary from the Peterson Institute for International Economics to suggest that perceived inadequacies in the monetary authority's recent bank stress tests were among factors"that reinforce the view of an ongoing series of policy errors by the Federal Reserve.
The collapse of Silicon Valley Bank in March, the biggest lender failure since 2008, was triggered by massive losses on its bond portfolio following the rise in interest rates.
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