El-Erian Says Fed Should 'Go for 50' Basis-Point Hike at Next Meeting

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Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says  the Federal Reserve should raise its benchmark interest rate by 0.50% at it's upcoming policy meeting. "I'd rather get the tightening out of the way now than when the economy weakens -- I'd go for 50," he says on "Bloomberg The Open." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
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