Mohamed El-Erian discusses the Fed’s failure to control inflation

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CNBC, Released on 12/1/21

Mohamed El-Erian, Allianz chief economic advisor and former PIMCO CEO, joins ‘Closing Bell’ to discuss Federal Reserve Chair Jerome Powell and U.S. Treasury Secretary Janet Yellen’s comments on Capitol Hill.

Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world’s largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. His latest book is The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse.

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