El-Erian Sees Fed Focused on Balance Sheet Flexibility ‘Like a Laser’
February 22, 2019 at 08:30 AM EST
On Wednesday, the Federal Reserve released its minutes from its Jan. 29-30 policy meeting in which it voted unanimously to hold its policy rate in a range between 2.25 percent and 2.5 percent. “Patience” has been a constant buzzword in the Fed’s vocabulary as of late and in the...