CNBC, Released on 12/22/21

Mohamed El-Erian, Allianz chief economic advisor, joins ‘Closing Bell’ to discuss what a rate hike would look like combined with tight fiscal stimulus, risks to current economic standing and recent moves in the Turkish Lira.

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.

  inflation, investing, stock market