El-Erian: Fed feels ‘compelled’ to guide markets; rate hike coming this year

Becky Quick, CNBC, Released on 5/23/16

Part 1 (part 2 below)

Part 2

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 book, When Markets Collide: Investment Strategies for the Age of Global Economic Change, was a New York Times and Wall Street Journal bestseller.

Photo source: World Economic Forum on Flickr – Mohamed el Erian – World Economic Forum Summit on the Global Agenda 2008Copyright World Economic Forum (www.weforum.org) / Photo by Norbert Schiller, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=5165377

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