Top economist issues dire warning about the US economy as he tears into the Fed for huge 'policy blunder' that could send country spiraling into RECESSION: 'I really do worry'

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Top economist issues dire warning about the US economy as he tears into the Fed for huge 'policy blunder' that could send country spiraling into RECESSION: 'I really do worry'

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A leading economist has issued a dire warning about the US economy - tearing into the Federal Reserve for a 'policy blunder' that could send the country into recession. Mohamed El-Erian, the chief economic advisor at Allianz, said on Sunday he fears the economy may be spiraling following a dismal unemployment report last week. He places the blame on the Fed for keeping its main interest rate at a two-decade high since 2022 in its zeal to stifle inflation.
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