El-Erian: Market Driven By Confidence in Central Bank

The video discusses the market's reliance on the Central Bank's actions, particularly the potential for QE4. It highlights the challenges faced by Janet Yellen and other central bankers in managing interest rates and maintaining economic stability. The conversation emphasizes the delicate balance between economic data and financial instability, suggesting that while a rate rise is less likely, it is not entirely off the table.

What factors does the speaker believe will influence the possibility of a rate rise?

What is the delicate balance that central banks need to strike according to the speaker?