Allianz's El-Erian says September rate hike 'a really tough policy call'

August 21, 2015 2:40 PM

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NEW YORK Aug 21 Mohamed El-Erian, chief economic adviser at Allianz SE, said on Friday that the U.S. Federal Reserve might not raise interest rates in September against a backdrop of slowing global economic growth.

"It's a really tough policy call," El-Erian said in an interview. "Not only do domestic indicators conflict with external ones, but the Fed itself has only a partial handle on the economy - and inevitably so. This is a time of significant policy uncertainty, particularly given that what's on the tab...

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