El-Erian Says Fed Pause Would Be 'Wrong Thing To Do'

The transcript discusses the Federal Reserve's potential strategy to pause rate hikes, drawing parallels with the European Central Bank's experience. The speaker criticizes this approach, highlighting the risks of inconsistent communication and flip-flopping. Despite hoping for a different outcome, the speaker predicts the Fed might still lean towards this strategy.

What concerns does the speaker express about the Fed's decision-making process?

What does the speaker hope regarding the Fed's inclination to act?