Allianz’s El-Erian on what the Fed should do to deal with inflation

CNBC Television published this video item, entitled “Allianz’s El-Erian on what the Fed should do to deal with inflation” – below is their description.

“What worries me is the inflation side,” Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, told CNBC’s “Squawk Box” Tuesday. “What I’m seeing suggests it’s not simply transitory and the last thing we need is the Fed to slam on the breaks further down the road.”

CNBC Television YouTube Channel

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CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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Allianz SE is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. (FWB: ALV, DAX Component)

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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