El-Erian Calls on the Fed to Start Tapering

The video discusses the importance of listening to corporate leaders to understand structural changes in the economy. It highlights strong demand across business, household, and government sectors, and the risks of resource misallocation and excessive risk-taking. The role of the Federal Reserve in tapering and its impact on sustainable recovery is debated, with a focus on the potential consequences of delayed action. The discussion also covers monetary policy, market dynamics, and the need for careful consideration of fiscal policies.

What is the speaker's perspective on fiscal policy in relation to the economy?

What does the speaker imply about the potential risks of the Fed's monetary policy?