In the article below, Pimco CEO Mohamed El-Erian writes on the needed change in direction from the US Federal Reserve. Particularly, setting policy to levels of unemployment has become outdated as the employment rate fails to capture shortcomings in the American labour market (i.e.: declining participation rate and structural problems in the youth employment scene).
El-Erian also discusses the road ahead for Janet Yellen, and what role she needs to play as the Chair of the US Federal Reserve.
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Robert Levy
Border Gold Corp.
rlevy@bordergold.com | 1.888.312.2288
