El-Erian on the Fed’s Sophie’s Choice - a long time OC guy at PIMCO

El-Erian has been one of the loudest Fed critics for the past two years, which is saying a lot.

EDIT: I forgot to add, I like reading his work a lot. He has the credibility to make the criticism of Powell/Yellen stick in the financial media. And I'd say it's admirable because he's somebody that could probably get appointed to a Fed role if he played his cards right. In effect, he's burning that bridge through his criticism of the "transitory" crowd. He probably has his own motives, but still I admire it.

P.S. Yellen just came out with a new prediction that inflation would be tamed by the end of 2023. Do you place any faith in that prediction at all?
 
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