Mohamed El-Erian

[tsptalk]

El-Erian says ‘transitory’ was the ‘worst inflation call in the history’ of the Fed

Calling inflation “transitory” was a historically bad move for the Fed, according to Allianz Chief Economic Advisor Mohamed El-Erian.

The comments came after the Labor Department reported that the consumer price index rose 6.8% from a year ago in November.

The Fed has a policy meeting this week during which it is expected to act to combat inflation.

https://www.cnbc.com/2021/12/13/el-...inflation-call-in-the-history-of-the-fed.html

 

[tsptalk]

Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign to preserve Fed independence

Mohamed El-Erian on Tuesday called for Federal Reserve Chair Jerome Powell to voluntarily relinquish his position to ensure the central bank’s independence.

He’s one of the first prominent economic voices to publicly take such a position.

https://www.cnbc.com/2025/07/22/mohamed-el-erian-says-powell-should-resign-to-preserve-fed-independence.html

 

[TommyIV]

Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign to preserve Fed independence

https://www.cnbc.com/2025/07/22/mohamed-el-erian-says-powell-should-resign-to-preserve-fed-independence.html

I’m struggling with the logic.

To protect the Fed from political interference, Powell should resign… due to political interference? Doesn’t that just reward the pressure and undermine the very independence they're trying to preserve?

 

[James48843]

Powell needs to stay until his term is up. Period.

 

[nasa1974]

Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign to preserve Fed independence

https://www.cnbc.com/2025/07/22/mohamed-el-erian-says-powell-should-resign-to-preserve-fed-independence.html

Sounds like someone is in the wrong camp.

 

[tsptalk]

I'll play devil's advocate and say, I can see where El-Erian is coming from. Whether we need a rate cut is up for debate, but we came into this year with the expectation of getting 5 or 6 cuts if inflation stayed under control. So far we've had zero cuts despite Trump's complaints about cuts and Powel's competence. Would I blame Powell for being stubborn? No. Do we need a rate cut? I'll leave that to economists, but it looks suspicious considering expectations and no signs of inflation.