Mohamed A. El-Erian

Not so fast, unfortunately, for all of us who hope for greater certainty and less yield volatility

The Fed faces, and will continue to face, a tricky communication challenge

The Fed took way too long to understand and to respond properly to inflation

(May 26): Although they are from perfect, labels play an important role in providing shorthand signals for bigger phenomena. This, in turn, influences how people think about the past, present and future, and which actions would be warranted and why.

(Aug 27): There was much speculation that Federal Reserve Chair Janet Yellen would use her speech to central bankers and economists gathered at Jackson Hole, Wyoming, on Friday to announce a major policy initiative. Some even suggested that she might add