Federal Reserve Bank President Jay Paul sent the right message from Jackson Hole to markets about the bank’s determination to curb inflation, but he failed to avoid past policy mistakes in his speech, according to renowned economist Mohamed El They were. “He finally sent the right message. He should have done it months ago,” Allianz’s […]
Tag: El Erian
El Erian: The Fed has no room after ‘falling asleep at the wheel’
The Fed can’t even turn a blind eye to inflation after it “fell asleep at the wheel” and Jerome Powell faces a huge challenge to find a way to control prices without damaging the economy, says the famous economist Mohamed El Erian. “The Fed has delayed so long that it now faces two challenges. Putting […]
El Erian: Powell has a chance to fix Fed and markets disconnect
In a critical week for US stocks, Fed Chairman Jerome Powell has an opportunity to get investors on board with the Fed’s agenda to reduce inflation, which is likely to hurt economic growth. in the short term, argued renowned economist Mohamed El Erian. In particular, speaking to CNBC yesterday, Allianz’s chief financial advisor said that […]
El Erian: Fed not going to change stance despite falling inflation
Investors should not take too much heart from signs of slowing inflation, as the Federal Reserve is unlikely to slow its rate hikes as the economy is still strong enough to withstand further monetary tightening, top economist Mohamed El Erian says . Speaking to CNBC, the Allianz chief financial officer and president of Queens College, […]
El Erian: The possibility of stagflation in the global economy is very likely
The big problem facing economies today, which is reflected in the course of international financial markets, is inflation combined with major changes taking place, such as the energy crisis, according to the president of Queen’s College, University of Cambridge and chief economic adviser to Allianz, Mohamed El Erian. Speaking at the Economist conference, Mr El […]
El Erian: There is a cost of living crisis in the US
The alarm bell rang the famous economist Mohamed El Erian after the current data on inflation in the US, saying that the country is now heading towards a crisis of cost of living. “It’s just a matter of time before we start talking about a cost-of-living crisis and that’s how things are,” Allianz’s financial adviser […]
El-Erian: If I Were an Investor, I Would Reduce My Exposure to Stocks – Global Stagnation Comes
“If I invested over the next 12 months, I would reduce my exposure to stocks at this point. I would make some money off the table,” said Mohamed A. El-Erian, chief financial officer at Allianz Group and a bond market veteran. on Bloomberg’s The Open show on Tuesday. “The market offers a great opportunity to […]
El-Erian: Inflation in the US will exceed 10% due to the Ukrainian crisis
Allianz SE’s Mohamed El-Erian said the economic implications of Russian President Vladimir Putin’s large-scale invasion of Ukraine were likely to include a further rise in US inflation, according to Bloomberg. US consumer prices rose 7.9% year-on-year in February, keeping inflation at a 40-year high. El-Erian said he estimated the rate would peak at “very close […]