Bloomberg, Released on 1/20/22

Mohamed El-Erian, a Bloomberg Opinion columnist, says the Federal Reserve needs to take “bold” action at the central bank’s next two rate-setting meetings to address the threat of rising U.S. inflation. “They’ve got to be bold come January and March, not just March,” he says on “Bloomberg The Open.”

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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