CNBC, Released on 4/25/22

"The have no choice but to raise 50 basis points," says @elerianm. "But the marketplace itself will have to revisit this very aggressive bout of hikes that is being priced in and ask the question, ‘Does that make sense?” pic.twitter.com/e4dQMEngwJ

— Squawk Box (@SquawkCNBC) April 25, 2022

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.

  Fed, inflation, stagflation