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Mohamed El-Erian, chief economic adviser at Allianz and president of Queens’ College, Cambridge, argued as far back as the fall of 2022 that inflation had become “entrenched” in the economy ...
"This is the first time that I have a growth scare," said top economist Mohamed El-Erian. ... worry that we may lose U.S. economic exceptionalism because of a policy mistake," he told Bloomberg TV.
Mohamed Abdullah El-Erian (Arabic: محمد العريان, romanized: Muḥammad al-ʿAryān; born August 19, 1958) is an Egyptian-American economist and businessman.He is President of Queens' College, Cambridge, and chief economic adviser at Allianz, the corporate parent of PIMCO where he was CEO and co-chief investment officer (2007–14).
His admonition echoes what Allianz chief economic advisor Mohamed El-Erian said last month, when he told Bloomberg TV to expect a "huge sucking sound" of foreign capital flooding into the U.S.
"For the Fed, it means push back much harder against pressure from the markets to put you in the single-mandate box," El-Erian told Bloomberg TV. "Enough talk about 'inflation is dead.' "Enough ...
El-Erian expanded on his take in a Bloomberg op-ed on Tuesday, explaining that although he called for the Fed to cut rates in July, and he still believes not doing so was an error, emergency cuts ...
Echoing previous warnings from Citigroup CEO Jane Fraser, El-Erian said he believes the road to get inflation under control—having ballooned at 9.1% in June 2022 in the U.S. and at 9.6% in the U ...
The dependence on economic data that has been a guiding light of Jerome Powell's tenure at the Federal Reserve is also one of its great weaknesses, said Mohamed El-Erian in a new interview with ...