El-Erian warns Fed rate hikes may fail to squash inflation – but could tank the US economy and job market anyway

MarketsInsider/Theron Mohamed/9-19-2022

“Mohamed El-Erian has raised the prospect of a worldwide economic disaster in the form of slowing growth, stubbornly high inflation, and surging unemployment.”

USAGOLD note: El-Erian pitches his tent in the stagflation camp……And warns that another central bank policy mistake is “uncomfortably high.”