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Why the Fed Will Wait: Q&A With Mohamed A. El-Erian

From bloombergview.com

Weisenthal: It's been an extraordinary week and there's a lot to talk about, so let's get right into it with a question that is sure to be on the minds of a lot of traders. Given the huge turnaround in risk assets in the second half of the week, is it possible the Fed will still go in September if the economic data hold up? El-Erian: I don’t think so. I think they will wait. Remember, the Fed wishes to avoid excessive financial volatility and market instability (something that I wrote about in the Bloomberg View column posted earlier today). In fact, for the last few years, its major policy bet has been to repress ... (full story)

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