CNBC, Released on 4/11/22
Part 1 (parts 2 & 3 below)
"There's a very, very narrow pathway for orderly disinflation," says @elerianm. "The market is starting to sense it that the Fed is going to push us into a recession because it has waited so long…I think the Fed is going to flip-flop–that's what I'm really worried about." pic.twitter.com/FaT1Ca8h00
— Squawk Box (@SquawkCNBC) April 11, 2022
"We are going to see a rolling over of the drivers of #inflation," says @elerianm. "The Fed has no choice but to tighten monetary policy both through QE and higher rates. The question that no one knows is will the Fed restore its credibility and lead the market." pic.twitter.com/D2QXYO1bKu
— Squawk Box (@SquawkCNBC) April 11, 2022
"Fundamentally we are changing the liquidity regime," says @elerianm. "That's what the bond market has been reflecting, and the stock market is adjusting to that." pic.twitter.com/B2wyzbSrAY
— Squawk Box (@SquawkCNBC) April 11, 2022