Economist Mohamed El-Erian says most inflation ‘could have been avoided’ if Fed acted earlier

Posted on AllSides June 12th, 2022
From The Right
AP Photo/Patrick Semansky, File) ((AP Photo/Patrick Semansky, File) / Associated Press)

Most of the current record high inflation could have been avoided had the Federal Reserve acted earlier and shown humility after it wrongly described inflation as "transitory," economist Mohamed El-Erian said Sunday.

El-Erian, chief economic advisor at Allianz, appeared on CBS's "Face the Nation" to discuss what caused the current inflation and where it was likely to be heading.

"We got here because we got a combination of things happening," El-Erian said, citing the war in Ukraine, the energy transition, and how the Fed incorrectly judged inflation and fell behind.

"All these things...

Read full story

Fox Business

AllSides Media Bias Rating: Lean Right
AllSides Media Bias Rating: Lean Right
106728/84332
See full bias rating for Fox Business
Learn about media bias
https://www.foxbusiness.com/politics/economist-mohamed-el-erian-says-most-inflation-could-have-been-avoided-if-fed-acted-earlier

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right