Economist Mohamed El-Erian said Sunday that while the U.S. economy is heading in the right direction, the Federal Reserve may make another error that could bring a recession.
Senior White House economic adviser Jared Bernstein discusses the health of the economy following the September jobs report.the U.S. economy is "on a bumpy journey to a better destination" – unless the U.S. Federal Reserve makes another misstep.
"The main source of this volatility is changing perceptions of the Federal Reserve," El-Erian said. "We are in this amazing situation … whereEl-Erian said the markets are worried that the Fed will tip us into a recession by overreacting to strong economic news.
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