OPINION: Powell’s dysfunctional Fed is losing respect at home and abroad.

MarketWatch/Mohamed El-Erian/4-3-2023

“The world’s most powerful central bank has slipped in its analysis, forecasts, policymaking and communication.”

USAGOLD note; El-Erian has been a polite, moderate critic of the Fed. In this opinion piece, he drops the hammer. “The Fed’s problems,” he says, “should worry everyone.”