El-Erian Says Transitory Inflation Call Likely Fed’s Worst Ever

(Bloomberg) — Allianz SE’s Mohamed El-Erian said the Federal Reserve needs to move fast to regain control of the inflation narrative, denouncing Chairman Jerome Powell’s prior assurance that price increases are short-term.Most Read from BloombergZero Taxes, Golf and Beach Houses Create a Crypto Island ParadiseAnatomy of a Bad RoadChina Is Building the World’s Largest National Park SystemBoris Johnson’s Furious MPs Worry That His Next Misstep Could Be FatalThe 15 Best Beers We Drank This Year“Th
— Read on ca.finance.yahoo.com/news/el-erian-says-transitory-inflation-172242556.html