CNBC, Released on 1/23/23
"I think they will downshift and we'll get 25 basis points. I'd be shocked if they did anything else given what they've signaled. I think they should do 50," says @elerianm on the #Fed. "I'd rather them get the hikes out of the way now than wait when the economy may be weaker." pic.twitter.com/5OEsm5lWDI
— Squawk Box (@SquawkCNBC) January 30, 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 The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse.