El-Erian: Fed’s transitory inflation narrative ‘makes no analytical sense’, this is ‘a problem of their own making’

CNBC, Released on 10/4/21

Mohamed El-Erian, Allianz and Gramercy advisor, joins ‘Squawk Box’ to discuss the issues he thinks will determine the direction of the market and if the supply chain lag could set back the economic recovery.

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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