What is the significance of having a forward-looking component in data dependence?
El-Erian Criticizes Fed for Lack of 'Vision'

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Why is it important to have a vision when driving economic policy?
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What does the speaker suggest about the current Federal Reserve's approach?
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How does the speaker describe the current state of the economy?
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What are the potential risks of trying to achieve a 2% inflation rate too quickly?
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