My hope is the Fed targets a 3% inflation instead of 2%, says Mohamed El-Erian

CNBC, Released on 12/4/23

Mohamed El-Erian, Allianz chief economic advisor and president of Queens’ College, Cambridge, joins ‘Squawk Box’ to discuss the latest market trends, the Fed’s inflation fight, the state of the economy, and more.

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.

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Karl Graz

Here’s another example of how the crooks in charge are hoping to get the average dumb American…you…to accept that a 3% rate of inflation is just fine. What BULLSHIT!

How about NO inflation, Mohamed!

I’m getting really tired of hearing about what a difficult job the Federal Reserve has. They’ve been around since 1913 and have been manipulating the economy ever since. Most of the problems they now have to deal with are of their own making. If anyone deserves a bit of sympathy, it’s the average citizen, who, by the way, needs to wake up!

Mike Bozek

Spot on Karl. You & I know that the probability is El-Erian is well regarded with the Deep through and through. Rarely does he speak truthfully & honestly and without bias just like his insider buddies on Wall St. If you didnt know anything about this guy, the fact he shows up on CNBC regularly tells you all you need to know. He fits the mold of a wolf in sheep’s clothing

Mike Bozek

Deep State that is