U.S._ Economist El-Erian: US Likely Facing Double-Digit Inflation by Summer

NEWSMAX

Economist El-Erian: US Likely Facing Double-Digit Inflation by Summer

(CBS/"Face the Nation")

By Sandy Fitzgerald | Sunday, 13 March 2022 01:19 PM


The United States will likely face double-digit inflation rates, potentially by this summer, before prices start to drop again, as Federal Reserve Chairman Jerome Powell is facing difficult decisions and has "no good policy options available," economist Mohamed El-Erian said Sunday.

"Inflation is high and it will go higher because of what is happening in Ukraine," El-Erian, the chief economic advisor at Allianz, said on CBS's "Face the Nation." "[Powell] has got to make a choice."

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READ MORE: https://www.newsmax.com/newsfront/mohamedel-erian-fed-inflation/2022/03/13/id/1060963/

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