Wednesday, September 29

inflation fears

Economy, Fed, Federal Reserve, inflation, Inflation debate, Inflation Expectations, inflation fears, inflation gauge, inflation outlook, inflation risk, Jerome Powell, Markets, MI Exclusive, Mohamed El-Erian, New cars, semiconductor chips, semiconductor shortage, Used cars

There is a fundamental misunderstanding of inflation and its spread throughout sectors of the economy proves it is not isolated or transitory, Mohamed El-Erian says

Mohamed El-Erian. Rob Kim/Getty Images Mohamed El-Erian said there is a fundamental misunderstanding of inflation because few people have lived through it. "I always laugh when people say, oh, it's isolated, it's transitory," El-Erian told CNBC on Monday. He also disagreed with the Federal Reserve's view that inflation is transitory. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Economist Mohamed El-Erian in an interview Monday took aim at assessments of inflation that describe rising prices as "transitory," stating that there is a fundamental misunderstanding of what inflation is and how it is already spreading throughout the economy. "I always laugh when people say, oh, it's isolated, it's transitory," Allianz's chief economic adviser told CNBC. "I th...
Economy, Government Debt, Government Spending, inflation, inflation fears, inflation outlook, Larry Summers, Markets, Mitch McConnell, Policy, Politics, price growth

McConnell gives’kudos’ to Bill Clinton’s Treasury Secretary for warning about hyperinflation

McConnell gave former Treasury Sec. Larry Summers "kudos" on Monday for his comments about inflation. Summers, who served in the Clinton and Obama administrations, has repeatedly slammed Biden's spending. Summers continues to forecast dangerously high inflation, but signs point to price growth cooling in June. LoadingSomething is loading. ...