Economics
El-Erian Says Fed Should Recognize Inflation Isn’t Transitory
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Allianz SE’s Mohamed El-Erian urged the Federal Reserve to acknowledge that inflation isn’t transitory and “ease your foot off the accelerator starting now.”
El-Erian, who expressed support for Lael Brainard over renominated Fed Chair Jerome Powell, said on “Fox News Sunday” that a new person in charge of the U.S. central bank might have found it easier to change course.