#MohamedEl-Erian #inflation #FederalReserve #YahooFinance
Mohamed El-Erian, Allianz SE Chief Economic Adviser & former PIMCO CEO, joins ‘Influencers with Andy Serwer’ to discuss the Fed’s actions in response to rising inflation.
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All these happened so long ago (mostly last year), more than 2 quarters ago. Why keep bringing this up to bash the Fed over and over. So much new info since then that those are now not relevant. Come on, say something more current and useful.
When borrowers borrow past a serviceable level generally rates go up to acknowledge the increased risk. With the central banks instead of raising rates a decade ago to acknowledge the increased debt and risk they reduced rates to facilitate and encourage more debt. Not standard lending practice.
I just feel better about the economy when Mohamed El-Erian speaks. Regardless of how dire the situation, he’s very honest yet calming. I wish he was the fed chair!
its easy to criticize from an ivory tower
@apothe6 exactly! i don’t think anyone should be criticizing the feds. ok, so they printed up too much money and kept interest rates at %0 and caused a lot of inflation, so what? then when presented with inflation they said it would just pass by quickly, so what? these are not reasons to be critical. how about some words of support? how about talking about the positive things the feds have accomplished instead of all this negativity.
@Mister Mcluvin You can call them out for a mistake without being mean about it. It’s in our interest for them not to drop the ball like they have here, and like they did in 2007 with subprime, and like they’re probably going to do now with their “soft landing”.
@apothe6 ye because he has no practical experience in markets
So boring. Why you have to talk about fed mistake every time for 6 months. We all know now. Can’t you just give us more clear picture for road ahead. That’s what we need
@Bruno Heggli I agree. Just too tired of listening to why, and want to know what’s next. But I guess I just need to watch next FOMC press conference.
@RZ Just take all of this more as some nice form of entertaining!Its like watching breaking bad,its exciting to think about what and when something will happen!
Because so far. Nobody in Fed admitted they did anything wrong and why. Nobody got fired over the biggest policy mistake in the history of Fed….
@Turk EastBay I think tbey already did admit the were wrong!From who should they got fired?Irs also mot about f they are wrong or not,its also hiow much they were wrong!They could be way more wrong!
got call the BS out, most folks think its just supply chain issue and the thing – not the Fed
perfect analysis of mohamed…
“Cognitive trap “ – n o sense – they all are juicing the market so when they’re retire Jamie diamond can give them sweet private sector jobs…
He’s the smartest guy!…we rely on him a lot!
Mohamed El-Erian should be on the Federal Reserve. Would be an asset to the country and economy.
This AF El-Erian needs to shut up or put up and get on the FOMC.
Nobody trusts the FED anymore. They are not serious about inflation.
The Fed is interested feelings and perception over policy….Now they are tightening into a slowdown.
So they got everything wrong. The “experts” did. Right, ok. It’s almost like they are trying to destroy the economy and the value of the dollar. Almost like they know the only way out of the gargantuan amount of unsustainable government debt…is to inflate it away. 🤔
Easy to say in hindsight.
I think the Fed came under huge political pressure to make it look like they were doing something useful to combat inflation, as perceived by the general population. Hence the nonsensical action to raise rates to fight supply-side inflation.
The Fed didn’t understand China. China still has 1/4 of their population locked up for COVID. Supply chains are so interspersed you can’t shut down 1/4 of China and make anything dependably. China has too much of global manufacturing. Planned economies fail at planning. And the CCP won’t order better vaccines from America, because national pride won’t let them. Stimulus didn’t help. Production is on lock down, don’t hand everyone money. There is lots of pent up demand. I want a new car, but not at these prices. The consumer is not going to be laid off even if there is a recession. Boomers retiring will account for all the job losses the economy requires.
Mohamed El-Erain is always on spot. Should be on Federal Reserve. Unfortunately for him, “special people” control the federal reserves and they won’t let an Arab/Muslim guy in as a boss
Biden is the biggest cognitive trap.
Criminal fed money printing!
Fed didn’t get it wrong. They knew it all along, they just wanted to get along with the government’s spending plan. This is not an honest mistake, if a layman like me was outspoken that printing 30% of USD in 18 months will cause inflation, bullwhip, inorganic demand in market, then surely Fed officials knew better.
Wow. This was really helpful.
Jerome Powell is not an economist by training. He’s a banker who somehow got a job at the Federal Reserve. Hopefully, this is the last time we see a banker at the helm of Federal Reserve. Even the average American was questioning why the Federal Reserve was continuing to pump liquidity when inflation was already starting to look bad. El erian for Federal Reserve
its even worse! he is just a lawyer (JD) with no economic background. He was a lawyer involved in banking like many lawyers. There are are lawyers in hospitals but that does not mean they are doctors or understand medicine even though they may think they do.
One more Philipine
The next moment USA needs change flagships next day we starts partnerships
it was NOTcognitive dissocaition – it was purposeful and highly intentional to allow the 0.05% billionaire class to offload their positions at the peak. Sounds conspiritorial but all the evidence points to such. Remember Jerome Powell was at Halliburton one of the most influential war mongerer companies out there.