CNBC, Released on 6/10/22

Mohamed El-Erian, Allianz and Gramercy advisor and president of Queen’s College, Cambridge, joins CNBC’s ‘Squawk Box’ to react to May’s higher-than-expected inflation report.

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.

  economy, federal reserve, inflation, markets, stocks