There is a technical term for economic slowdown coupled with soaring prices… Allianz’s El-Erian: Fed has backed itself into a corner on inflation

 

Fed Has Backed Itself Into a Corner on Inflation: Allianz’s El-Erian

“The Fed is pinning itself in a corner by insisting that this is transitory,” Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, told CNBC’s “Squawk Box” Monday regarding inflation pressures. “All the evidence suggests that you should have an open mind.”

READ  "There Is No Shortage?" Train Loads Of Lumber Stacked As Far As The Eye Can See
READ  There is no scientific basis to support the concept of vaccine passports, let alone any legal basis
662 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.