Mohamed El Erian, Allianz's chief economic advisor, stated that the US economy is experiencing a period of "heightened uncertainty" due to a lack of foresight among Federal Reserve officials determined to bring inflation back to the 2% target. Erian also stated that there is a real risk of excessive tightening of monetary policy, and he hopes that the Federal Reserve will maintain the current benchmark interest rate unchanged this year for the purpose of economic stability. If we try to reach 2% too quickly, there is a risk of damaging something in the economy, "he said. They need to shift from overly reliant on data to more forward-looking data dependence. That's what I had hoped to happen this week, but it didn't happen