The Federal Reserve’s year-long aggressive monetary tightening efforts could turn out to be one of the most significant policy errors in the last several decades, according to renowned economist Mohamed El-Erian. El-Erian shared excerpts from the Peterson Institute for International Economics (PIIE) and the Financial Times that reinforced his view that the U.S. central bank…
Federal Reserve Making Worst ‘Policy Mistake in Several Decades’, Top Economist Warns
April 3, 2023
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3rd Wave of Inflation Will Be Unleashed If Fed Doesn’t ‘Get Its Act Together’: El-erian
July 14, 2022
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Economist Mohamed El-Erian has warned that a third wave of inflationary pressures is building and will be “unleashed” if the Federal Reserve doesn’t act quickly. El-Erian, the former CEO of American investment management firm Pimco, made the comments on social media on July 13, shortly after financial markets were shocked by the U.S. annual inflation rate rising to 9.1…
Inflation ‘Could Have Been Avoided,’ If Fed Had Acted Earlier: Allianz Economist
June 13, 2022
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Allianz chief economic adviser Mohamed El-Erian said in an interview that the current inflation problem in the United States could have been largely avoided if the Federal Reserve acted earlier. “The problem for us all is they’re far away from the first best response,” El-Erian told CBS’ “Face the Nation” on June 12. “This is…
Prominent Economist Warns Inflation Not Transitory, Could Be ‘Shock’ to Financial System
More U.S. economists are starting to publicly warn of rising inflation. A renowned economist Mohamed El-Erian said he worries “a great deal” that inflation will not be transitory, arguing that there is too much “on-the-ground evidence” it will stay high. In a recent op-ed in the Financial Times, El-Erian, who is one of the most widely followed economists,…
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