CNBC, Released on 9/12/23

Part 1 (part 2 below)

Mohamed El-Erian, Allianz chief economic advisor, joins ‘Squawk Box’ to discuss the Fed’s ‘last mile’ of the inflation fight, how quickly the Federal Reserve needs to get to its 2% inflation target, and what the market should recognize.

Part 2

"#Crypto is settling as part of the ecosystem. People have recognized it's not the new global currency. People have also realized it's not going to disappear tomorrow. It's been institutionalized," says @elerianm. "If I were a crypto person, this maturation process is good." pic.twitter.com/g8Wsu4lFH1

— Squawk Box (@SquawkCNBC) September 12, 2023

Mohamed El-Erian is the President of Queens College, Cambridge and 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 Permacrisis: A Plan to Fix a Fractured World.

  Crypto, federal reserve, inflation