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    Mohamed El-Erian

    Mohamed El-Erian is President of Queens’ College, Cambridge University, an advisor to Allianz and Gramercy and a best selling author. He previously served as chief executive and co-chief investment officer of Pimco, deputy director of the IMF and president and CEO of Harvard Management Company. He is the Rene M. Kern Practice Professor at the Wharton School of the University of Pennsylvania. Mohamed is also a director of Barclays and UnderArmour.

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    • Friday, 8 September, 2023
      Markets InsightChinese economy
      It’s no longer a given that China will become the world’s largest economy

      Markets need to recognise that the country is not reverting to its old economic and financial playbook

      A truck drives between containers at Nanjing port in China’s eastern Jiangsu province
    • Monday, 21 August, 2023
      Markets InsightMacroeconomics
      The choices of strategy for Jay Powell

      The Fed chair has a multiplicity of targets for whatever approach he takes at Jackson Hole address on Friday

      Fed chair Jay Powell
    • Tuesday, 1 August, 2023
      Markets InsightGlobal Economy
      Investors should still expect a bumpy road ahead

      Market optimism about convergence in the global economy is overdone

      The Bank of England building in London
    • Tuesday, 18 July, 2023
      Markets InsightUK inflation
      Just blaming wage growth for inflation is dangerous

      It raises risk of economic stagnation, further exacerbating the current inflation and interest rate predicament

      Teachers and members of the National Education Union hold placards on the streets in Reading during a demonstration
    • Monday, 3 July, 2023
      Markets InsightCentral banks
      A defining moment for central banking

      In the face of a stubborn trilemma of challenges, central banks need help to restore policy credibility

      Bank of England governor Andrew Bailey, left, Federal Reserve chair Jay Powell and ECB president Christine Lagarde
    • Monday, 12 June, 2023
      Markets InsightFederal Reserve
      The framing of the Fed call on rates is too narrow

      A ‘skip’ at this week’s policy-setting meeting may be the worst of three imperfect policy options

      A trader works in the foreground while Fed chair Jay Powell appears on a television screen in the background
    • Thursday, 25 May, 2023
      Markets InsightUS Dollar
      The stark ‘de-risking’ choice facing economies

      Nations must seek to strengthen multilateralism or they will end up embracing economic decoupling

      $100 banknotes
    • Wednesday, 10 May, 2023
      Markets InsightFinancial & markets regulation
      How we can avoid a third phase of banking turmoil

      Conditions have stabilised but more must be done to prevent further banking tremors

      A woman walks near a First Republic Bank branch in New York, US
    • Friday, 28 April, 2023
      Markets InsightGlobal Economy
      Policymakers and business need to adapt better to structural uncertainty

      The global economy is facing an unusual spread of plausible outcomes

      Traffic passes by the Marriner S. Eccles Federal Reserve Board Building
    • Monday, 10 April, 2023
      Markets InsightBanks
      Banking tremors leave a legacy of credit contraction

      Change in deposit flows plus increases in regulation, supervision and caution will force adjustments

      Jay Powell, chair of the US Federal Reserve
    • Monday, 20 March, 2023
      Markets InsightFederal Reserve
      Banking turmoil intensifies the need for better Fed policymaking

      A firmer anchor is required to deal with the policy trilemma over the US economy

      The Federal Reserve building
    • Sunday, 12 March, 2023
      Markets InsightSilicon Valley Bank
      The policy compromises needed to resolve the SVB implosion

      The Fed should tolerate greater banking system concentration while seeking to contain moral hazard and avoiding lower rates

    • Monday, 27 February, 2023
      Markets InsightGlobal inflation
      It is time for the US to upgrade its fight against inflation

      Congress should hold the Fed more accountable while helping it to conquer rising prices

    • Monday, 6 February, 2023
      Markets InsightCentral banks
      The paradox of financial conditions

      A gap has emerged between the US central bank and its peers at a time when its policy signals have become at odds with financial conditions

      Jay Powell appears on a screen on the trading floor of the New York Stock Exchange during a news conference following a Fed rate announcement
    • Tuesday, 24 January, 2023
      Markets InsightPassive Investing
      Why passive investing makes less sense in the current environment

      This is an investment world that will reward much greater selectivity and dynamic asset allocation

      Traders work during the opening bell at the New York Stock Exchange
    • Monday, 9 January, 2023
      Markets InsightGlobal Economy
      We need to pay more attention to misaligned economic signals

      Investors should be wary of a repeat of last year’s ‘transitory inflation’ type of mistake

    • Monday, 12 December, 2022
      Markets InsightFederal Reserve
      Next year’s unpleasant choices confronting the Fed

      Central bank might stick officially to 2% inflation target but, in practice, pursue a higher one

      Jay Powell
    • Monday, 28 November, 2022
      Markets InsightUS economy
      The consensus forecast on recession risks complacency

      Planning for a range of outcomes is preferable to relying on a shaky prediction

      The Federal Reserve building in Washington
    • Monday, 31 October, 2022
      Markets InsightCapital markets
      BoJ’s inevitable pivot looms as a risk for markets

      Central bank faces a tricky but necessary exit from its ‘yield curve control’ policy

      Bank of Japan in Tokyo, Japan, on October 27 2022
    • Monday, 17 October, 2022
      Markets InsightGlobal economic growth
      A collective will to tackle global challenges needs more tools

      IMF meetings yet to align better awareness of major economic problems with the scale of action required

      Kristalina Georgieva
    • Wednesday, 28 September, 2022
      Markets InsightUK economy
      UK damage just starting if market disorder is allowed to persist

      What the government and Bank of England need to do now before the situation gets even more problematic

      Bank of England montage
    • Thursday, 15 September, 2022
      Markets InsightMarkets
      The rollercoaster ahead for the economy and investors

      US central bank policy mistakes and market stress are worrisome possibilities in the months ahead

      A stocks trader with his hands partially covering his face
    • Saturday, 27 August, 2022
      Markets InsightJerome H. Powell
      Jay Powell is focusing too much on the present

      The central banker missed an opportunity to regain control of the Federal Reserve’s policy narrative

      Jay Powell speaks with others at a symposium
    • Tuesday, 9 August, 2022
      Markets InsightUS economy
      It is too early to declare risk of US recession is over

      Rate rises and the contraction of the Fed’s balance sheet may still pull the rug from under the economy and markets

      A hiring sign on a Target store in San Rafael, California
    • Monday, 25 July, 2022
      Markets InsightEmerging market investing
      How to invest in emerging markets

      Historically cheap pricing is not enough given the macro headwinds

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