Reservations

There is a fundamental misunderstanding of inflation and its spread throughout sectors of the economy proves it is not isolated or transitory, Mohamed El-Erian says

1 month ago   |   By Business Insider

Mohamed El-Erian.
Rob Kim/Getty Images
Mohamed El-Erian said there is a fundamental misunderstanding of inflation because few people have lived through it.
"I always laugh when people say, oh, it's isolated, it's transitory," El-Erian told CNBC on Monday.
He also disagreed with the Federal Reserve's view that inflation is transitory.
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Economist Mohamed El-Erian in an interview Monday took aim at assessments of inflation that describe rising prices as "transitory," stating that there is a fundamental misunderstanding of...
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