El-Erian is a mathematician.
You can find it on YouTube and LinkedIn.
El-Erian said that some Federal Reserve policymakers might be wishing they'd been more aggressive about pulling back on monetary stimuli.
Even though the Fed has doubled the pace of its monthly bond buying, it might not be enough in the face of high inflation.
The global stock market surged in the wake of the central bank's announcement on Wednesday, with the major US indices closing between 1% and 2% higher.
"Today's higher close for US stocks illustrates what some of us have been saying: markets can handle the Fed easing its foot off the pedal," he said.
It wouldn't be surprising if some within the Fed regret not going further and reducing the amount of money they give.
The US central bank said it would double the pace of its bond-buying to trim purchases by $30 billion a month.
El-Erian has previously expressed concern over the Fed's slow timetable, saying it could be problematic for economic stability.
He said in a recent interview that there was no reason why the Fed should be injecting so much money.
There is no reason why the housing market should be boosted at a time when Americans are not buying homes. They should let their foot off the pedal in order to not slam on the brakes.
The program was introduced by the Fed in March 2020 to support smooth market functioning during the Pandemic.
After it decided to reduce purchases by 15 billion a month, it planned to spend $90 billion in December. The bank is on track to make zero purchases by March 2022, with January's asset buys totaling $60 billion.
The Fed will reduce the monthly pace of purchases of Treasury securities and agency mortgage-backed securities in January.
The strength of the labor market and elevated inflation pressures are what Powell said caused the pace of tapering to accelerate.
El-Erian has said that the Fed's worst call was to call inflationary pressure "transitory." There was no use of the word "transitory" to describe inflationary pressure, something that El-Erian has said would go down as one of the Fed's worst calls
The US consumer price index increased 6.8% in November, its highest in almost four decades, according to official data. In November, producer price inflation rose 9.6%, the fastest pace since records began in 2010, and up from 8.8% in October.
A couple who bought their first property with $102,000 of debt and social-worker salaries were able to get into real estate on a small salary.
Business Insider has an original article.
