{"id":1016091,"date":"2021-11-15T17:14:08","date_gmt":"2021-11-15T22:14:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1016091"},"modified":"2021-11-15T17:14:11","modified_gmt":"2021-11-15T22:14:11","slug":"mohamed-el-erian-the-fed-is-losing-credibility-over-inflation-narrative","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mohamed-el-erian-the-fed-is-losing-credibility-over-inflation-narrative\/","title":{"rendered":"Mohamed El-Erian: &#039;The Fed Is Losing Credibility&#039; over Inflation Narrative"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmohamed-el-erian-the-fed-is-losing-credibility-over-inflation-narrative%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1016091&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/mohamed-el-erian-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>Allianz chief economic adviser Mohamed El-Erian on Monday warned of the \u201cimplications\u201d of the Federal Reserve\u2019s stance that inflation is transitory.<\/p>\n<p>While speaking with CNBC\u2019s Dan Murphy at the ADIPEC energy industry forum in Abu Dhabi, El-Erian pushed back against the notion that inflation was transitory, predicting it could have a \u201clasting impact.\u201d<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>\u201cWe are in this transition of central banks mischaracterizing inflation. The repeated narrative: \u2018It is transitory, it is transitory, it is transitory.\u2019 It is not transitory,\u201d&nbsp;El-Erian advised.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>He continued, \u201cWe have ample evidence that there are behavioral changes going on,\u201d El-Erian said. \u201cCompanies are charging higher prices [and] there\u2019s more to come. Supply disruptions are lasting for a lot longer than anybody anticipated. Consumers are advancing purchases in order to avoid problems down the road \u2014 that, of course, puts pressure on inflation. And then wage behaviors are changing.\u201d<\/p>\n<p>El-Erian later added that the Federal Reserve was losing its \u201ccredibility.\u201d<\/p>\n<p>\u201cI think the Fed is losing credibility,\u201d he declared. \u201cI\u2019ve argued that it is really important to reestablish a credible voice on inflation, and this has massive institutional, political and social implications.\u201d<\/p>\n<p>\u201cIt is a big issue, and I hope that the Fed will catch up with developments on the ground,\u201d&nbsp;El-Erian concluded.<\/p>\n<p><em>Follow Trent Baker&nbsp;on Twitter&nbsp;<a class=\"x5l\" href=\"http:\/\/twitter.com\/MagnifiTrent\" target=\"_blank\" rel=\"noopener external\">@MagnifiTrent<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allianz chief economic adviser Mohamed El-Erian on Monday warned of the \u201cimplications\u201d of the Federal Reserve\u2019s stance that inflation is transitory. While speaking with CNBC\u2019s Dan Murphy at the ADIPEC &#8230;<\/p>\n","protected":false},"author":23,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1016091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1016091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1016091"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1016091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1016091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1016091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1016091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}