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El-Erian pointed to the sharp rise in Treasury yields as a cause for concern. In addition to the higher borrowing costs for both households and businesses and the drag on the economy, he ...
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 ...
Signals of persistently low inflation have puzzled economists in the years since the Federal Reserve first adopted its 2% inflation target after the financial crisis. According to Mohamed El-Erian ...
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).
"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, who is chief economic advisor at Allianz, previously thought there was no reason to worry about a recession, but people underestimated the delayed effects of Fed rate hikes, which are ...
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.
The top economist warned that inflation will eventually come down but its fall comes at the cost of a US recession as the Fed "slams on the brakes."