Replies to post #37407 on The New CS Board

[jumanji0881]

El-Erian Says Fed Made "Worst Inflation Call Ever" : https://www.zerohedge.com/markets/el-erian-says-fed-made-worst-inflation-call-ever

My Comment : Things are starting to get vedy inter resting.

Excerpts:
El-Erian said Powell "needs to ease his foot off the accelerator" in reference to the $120 billion in bond buying every month. He said there is "no reason why they [Fed] should be injecting so much liquidity," adding that the Fed should not be boosting housing prices at a time when an unaffordability crisis is emerging.

El-Erian doesn't believe peak inflation has arrived and thinks consumer price increases could remain elevated in the months ahead. His comments on Friday were not far off from remarks made at the ADIPEC energy industry forum in Abu Dhabi last month.

It's terrific to hear market realist El-Erian on mainstream media, continuing to pound the table about the Fed's terrible inflation call.