Trillion-Dollar Asset Manager Slams Fed As ‘Late and Wrong’ After Powell Took ‘Too Narrow a View’ on Jobs

A financial services firm with over $2 trillion in assets under management says the Federal Reserve is once again late to take action. In a new CNBC interview, Allianz chief economic advisor Mohamed El-Erian says the firm believes that the Fed should have cut interest rates as early as July. source: https://dailyhodl.com/2025/09/08/trillion-dollar-asset-manager-slams-fed-as-late-and-wrong-after-powell-took-too-narrow-a-view-on-jobs/