Tuesday, February 7, 2023
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El-Erian says the Fed is behind on inflation and risks another recession if it is forced to catch up

  • Fed officials are underestimating inflation and risking another recession, Mohamed El-Erian told CNBC on Monday.
  • "Every day I see evidence of inflation not being transitory, and I have concern that the Fed is falling behind," he said.
  • Central bank leaders insist that the recent round of inflation will subside once short-term supply chain bottlenecks clear and 2020 data fades from comparisons.

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