Mohamed El-Erian: ‘The Fed has lost control’

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CNBC, Released on 1/24/22

Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge, joins ‘Squawk Box’ to discuss markets and lay out his expectations for the Federal Reserve’s meeting this week.

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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