El-Erian: Fed Can't Wait, Needs to Catch Up to Inflation

The video discusses the Federal Reserve's perspective on economic data, highlighting that the Fed is not solely relying on CPI and jobs data but is taking a more holistic view of the economy. It outlines the Fed's strategy to increase interest rates by 75 basis points to catch up with economic demands. The discussion also covers potential risks of restrictive policies, such as the stop-go phenomenon, and emphasizes the need to address inflation and growth challenges by leveraging a strong labor market.

In what way does the speaker believe the labor market can be utilized?

What potential problems does the speaker foresee for the economy next year?