Mohamed A. El-Erian of the Wharton School wrote an opinion piece about the unintended effects of the Federal Reserve’s pandemic-era policies. “Continuing on this trajectory could inflict unnecessary damage on the economy in the next 12 months, fuel unsettling financial volatility, worsen already-high inequality, and derail Biden’s agenda,” he said.
https://www.washingtonpost.com/opinions/2021/08/06/feds-ultraloose-monetary-policy-could-hurt-both-economy-bidens-agenda/ The Washington Post