Inflation could hit 9% - and price increases would have been 'partially avoidable' if the Fed had acted sooner, top economist Mohamed El-Erian says (DE.ALV) - 15 iunie 2022
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 adviser of Allianz, came after 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.