Criticize Fed for how it communicates, not monetary policy

The Federal Reserve should be criticized for how it communicates to the market and less so on its monetary policy decisions, closely followed economist Mohamed El-Erian told CNBC on Friday.

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Federal Reserve Board Chairman Jerome Powell speaks during his news conference after a Federal Open Market Committee meeting in Washington, December 19, 2018.Stocks are signaling recession scare but that doesn't mean there will be one