El-Erian says 'humbled' Fed needs skill, time, luck for soft landing - Markets Insider

"History suggests when the Fed is this late, the probability of a recession is uncomfortably high," the economist told CNBC on Thursday.

Economist Mohamed El-Erian said the Federal Reserve's big steps to tame inflation may be too late and could risk a recession in the US. Speaking to CNBC's "Closing Bell" on Thursday after Fed Ch… [+2680 chars]

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