Allianz Chief Adviser: U.S. Treasury’s Actions Are “Too Aggressive”

According to Jin10, Allianz Chief Economic Adviser Mohamed El-Erian said the Trump administration’s attempt to interfere with market outcomes and monetary policy was “too aggressive” and “regrettable.” He said the U.S. Treasury has formed the view that it can not only inform and influence market outcomes, but also force the market to operate according to its own wishes, and he questioned how it could step back from that approach.