El-Erian: Inflation Is Sticky, Fed Rate Hikes, Debt Ceiling Drama

Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says an “overly data dependent” Federal Reserve will raise its benchmark interest rate at the next policy meeting in June. He also talks about how the debt ceiling drama is hurting the economy. He speaks on “Bloomberg The Open.” El-Erian’s opinions are his own.

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Source: Bloomberg Television