Economist Mohamed El-Erian says most of inflation ‘could have been avoided’ if Fed acted earlier
NYSE trader Peter Tuchman discusses his market outlook.
Most of the current record high inflation could have been avoided had the Federal Reserve acted earlier and shown humility after it wrongly described inflation as "transitory," economist Mohamed El-Erian said Sunday.and where it was likely to be heading.the war in Ukraine"All these things came together and are feeding now this everything inflation. The price of nearly everything is going up and making us feel really insecure," he said.
"I was very puzzled when a year ago so many people were so confident that inflation was transitory," he said. "There was so much we didn’t understand about the
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