Mohamed El-Erian: Fed Will Opt For The Lesser Of 2 Evils

Mohamed El-Erian: Fed Will Opt For The Lesser Of 2 Evils
Federal Reserve Chairman Ben Bernanke speaks to educators in the board room of the Federal Reserve in Washington, Tuesday, Aug. 7, 2012, during a town hall meeting. (AP Photo/Manuel Balce Ceneta)
Federal Reserve Chairman Ben Bernanke speaks to educators in the board room of the Federal Reserve in Washington, Tuesday, Aug. 7, 2012, during a town hall meeting. (AP Photo/Manuel Balce Ceneta)

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Stock markets responded nervously to Wednesday’s indications that America’s central bankers are getting more worried about the collateral damage of quantitative easing. But the implication is not that the US Federal Reserve will look to end its unconventional policy approach any time soon.

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