Mohamed El-Erian says inflation could hit 9%, criticizes Fed - Business Insider
6/13/2022 12:00:00 AM2 years 10 months ago
by Huileng Tan
by Huileng Tan
US inflation surged to a 41-year-high of 8.6% in the year through May, according to data the Bureau of Labor Statistics released on Friday.
Top economist Mohamed El-Erian said US inflation may reach 9% and criticized the Federal Reserve for not acting sooner to tackle price increases. The comments from El-Erian, who is chief economic … [+2505 chars]
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