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Published 2 years ago

Economist El-Erian Sees Strong Chance for Recession

Summary by Ground News
Mohamed El-Erian: The Fed is in a deep hole, much of its own making. The possibility of a soft landing has given way to the uncomfortably-high risk that the Fed will tip the economy into recession. The alternative of pivoting away from rate hikes is not a good one, as it risks persistence of stagflation.

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Economist El-Erian Sees Strong Chance for Recession

But he thinks the Fed must keep raising interest rates to quell inflation. And he expects continued market volatility.

2 years ago
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