Fed doesn’t have a ‘single strategic bone in it’: Mohamed El-Erian

Yahoo Finance, Released on 10/19/23

00:55 El-Erian on the state of the bond market
02:48 What El-Erian wants to hear from Fed Chair Jerome Powell
04:15 El-Erian explains Permacrisis
06:40 El-Erian discusses the importance of global leadership
08:42 El-Erian on what the Fed could end up breaking & why it has the wrong inflation target

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.

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