El-Erian: Fed chief Jerome Powell is trying to break the market's central bank 'co-dependence'

SquawkCNBC elerianm Jerome Powell did well. Squawk on the street made things worse than they were. Will never believe Squawk on the street they are whiners.

SquawkCNBC elerianm It is ridiculous to think you can break the co-dependence between stocks and monetary policy! If stocks are priced in dollars, they are inexorably linked.

elerianm I wonder if it occurs to anyone both how futile and stupid that is. The Fed's mandate is to effect both inflation and unemployment which the market is very interested in and affected by.

elerianm The markets have been thriving on the sugar rush from the high levels of cheap liquidity. This is the crash from that rush.

elerianm His dual mandate is intrinsically linked with the overall health of US equity markets.

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Mohamed El-Erian: Fed chief Jerome Powell looks to break the market's central bank 'co-dependence'Jerome Powell would likely say 'it's about time the markets stand on their own feet' in response to stocks sinking Wednesday following his press conference, economist Mohamed El-Erian says. elerianm so 2008 was when America was great? Mission accomplished Mr. President. elerianm Mohd El Erian? Serves fake news media just right elerianm Yellen raised rates without this kind of disruption. Why isn't Powell following same communication strategy?
Source: CNBC - 🏆 12. / 72 Read more »