CNBC, Released on 6/20/23
"They increased the inflation forecast and the amount of hikes they were anticipating. On the other hand, they did not hike. So there was an inconsistent set of outcomes," says @elerianm on the Fed. "It is confusing and confused and we'll have to wait and see what happens next." pic.twitter.com/QGdoBLvVtP
— Squawk Box (@SquawkCNBC) June 20, 2023
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 The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse.
Mohamed El-Erian on the Fed: ‘It is confusing and confused’ added by Herman James on
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