After the Federal Reserve cut interest rates by 25 basis points, economist Mohamed El-Erian tells Julie Hyman on Market Catalysts that the Fed needs "fundamental reform."
El-Erian, who is the president of Queens College Cambridge, former chair of President Obama’s Global Development Council, and former deputy director of the International Monetary Fund (IMF), emphasizes the importance of "cognitive diversity" within the Fed.
To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here: https://finance.yahoo.com/videos/series/market-catalysts/
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