Central Banks Are No Longer on Same Side, El-Erian Says
Aug. 22 (Bloomberg) -- Mohamed El-Erian, former chief executive officer of Pacific Investment Management Co., talks about Federal Reserve Chair Janet Yellen's speech at the Kansas City Fed’s annual conference, the challenge of sluggish wage growth in the U.S., divergence of policy among the world's major central banks and risks from trade sanctions against Russia for its actions concerning Ukraine.
He speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." El-Erian is a Bloomberg View columnist. The opinions expressed are his own. (Source: Bloomberg)