Fed moving appropriately; ECB too hesitant: El-Erian

(Reuters) - The U.S. Federal Reserve is moving appropriately on the path to unwind asset purchases and normalize rates, while the European Central Bank (ECB) may be too hesitant, said Mohamed El-Erian, chief economic advisor at the Allianz Group.

Fed moving appropriately; ECB too hesitant: El-Erian
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