Bloomberg, Released on 8/7/24

Mohamed El-Erian, a Bloomberg Opinion contributor, says there was probably “enormous external pressure” on the Bank of Japan to send a dovish signal. He speaks on Bloomberg Television.

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.

  federal reserve, japan, market turmoil, stock market