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I agree...

?Central banks are trying to get their act together,? said Mohamed El-Erian, chief executive officer at Pacific Investment Management Co., the world?s largest manager of bond funds.

?But we have to recognize that what they do is necessary but not sufficient,? El-Erian said yesterday on Bloomberg Television?s ?In the Loop? with Betty Liu. ?We need other agencies, whether in the U.S. or in Europe, to get their act together.?

Bloomberg News.