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Allianz’s El-Erian Comments on Fed Moves, Biden and Oil

Allianz Chief Economic Advisor Mohamed El-Erian says that the Fed is having to “choose between one of two mistakes.” El-Erian also said the Biden administration’s decision to release emergency U.S. crude “helps” fears of double-digit inflation, “but it doesn’t remove them”. He speaks to Francine Lacqua and Dani Burger during Daybreak Europe.

Credit: YouTube/Bloomberg Markets and Finance

 

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