Surveillance: El-Erian's Fed Outlook
Bloomberg Surveillance
00:00
The Right Inflation Target
If Mohammed had all the power and wrote down those targets now what would they be? The right inflation target is much nearer to 3% than it is to 2%. And in the U.K as well Europe is the only one where 2% still makes sense. Japan has a major exit coming up which they are denying for now. There it's probably also 2%.
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