Mohamed El-Erian: The Fed needs to ease off the accelerator

mohamed el erian

Mohamed El-Erian: The Fed needs to ease off the accelerator

Mohamed El-Erian, Allianz and Gramercy Advisor, says the US needs three policy responses to support the economic recovery.

04:13 - Source: CNNBusiness

Economy 15 videos

mohamed el erian

Mohamed El-Erian: The Fed needs to ease off the accelerator

04:13

Now playing

- Source: CNNBusiness

A traveler looks at a flight information board at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia.

'The system is stressed to the max': United CEO weighs in on industry woes

03:26

Now playing

- Source: CNN

Janet Yellen

Hear Janet Yellen's warning if debt ceiling agreement is not reached

02:54

Now playing

- Source: CNN

oliver bate allianz

Bankers dig in as recession looms in Europe

06:21

Now playing

- Source: CNN

nightcap 011923 Clip 1 16x9

Disney just threw down the gauntlet in the WFH battle

02:05

Now playing

- Source: CNN

abby ehmann iso

Hear why this bar owner decided to open a non-alcoholic bar

03:35

Now playing

- Source: CNN

job report

Layoffs are making headlines. What's really going on in the job market

01:41

Now playing

- Source: CNN Business

empty restaurant

'You're just a hamster spinning on a wheel': Restaurant owner struggles to stay open

02:39

Now playing

- Source: CNN

MIRAMAR, FLORIDA - OCTOBER 27: In this aerial view, single family homes are shown in a residential neighborhood on October 27, 2022 in Miramar, Florida. The rate on the average 30-year fixed mortgage hit 7.08%, up from 6.94% the week prior, according to Freddie Mac. Mortgage rates surpassed 7% for the first time since April 2002. (Photo by Joe Raedle/Getty Images)

Is housing a buyer's market or a seller's market? CEO explains why it's neither

02:40

Now playing

- Source: CNN Business

David Schnitzler Yurkevich pkg1

Men are dropping out of the workforce. Here's why

02:55

Now playing

- Source: CNNBusiness

A person prepares to pump gas at a BP gas station on Coney Island Avenue on October 19, 2022 in the Flatbush neighborhood of Brooklyn borough in New York City. President Joe Biden announced the sale of an additional 15 million barrels from the Strategic Petroleum Reserve. The announcement was made three weeks before the Midterm Elections and the move is expected to meet the administrations goal of releasing 180 million barrels from the Strategic Petroleum Reserve to counter the rising gas prices due to Russia's invasion of Ukraine.

Is the economy as bad as it seems? Maybe not

01:28

Now playing

- Source: CNN Business

01 Brian Moynihan Poppy Harlow interview 1129 SCREENSHOT

Bank of America CEO predicts 'mild recession' next year

04:22

Now playing

- Source: CNNBusiness

heater vpx 111822

Some Americans being forced to pick between paying for groceries and heating their homes

02:57

Now playing

- Source: CNN

Customers browse racks of clothing as they shop inside a discount department retail store in Las Vegas, Nevada, on May 7, 2022. - The US economy added a better-than-expected 428,000 jobs in April, with the unemployment rate remaining at a low 3.6 percent, the Labor Department reported. The data pointed to continued strong employment growth and contained hints that some inflationary pressures may be easing, with workers' wages rising less than in March. But investors remain anxious that rising prices and higher interest rates will hit consumers, slowing the economy's expansion in the second half of 2022. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)

CNN reporter shows what consumer price growth means for inflation

02:50

Now playing

- Source: CNN

grocery shopper pandemic stew leonard's

Grocery chain CEO on food prices: 'My crystal ball is broken'

02:07

Now playing

- Source: CNN Business