Economist Mohamed El-Erian: Most current inflation ‘could have been avoided’ if Fed acted earlier
Fox News
Economist Mohamed El-Erian on Sunday said that had the Federal Reserve acted earlier, it could have avoided most of the record high inflation currently effecting Americans.
"We got here because we got a combination of things happening," El-Erian said, citing the war in Ukraine, the energy transition, and how the Fed incorrectly judged inflation and fell behind.
"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.
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