Economics

El-Erian Sees Fed Risking Disorderly Taper Without Quick Action

‘The window is closing’ to avoid disrupting markets, he says
Questions buying mortgage bonds amid a hot housing market

Bloomberg Opinion columnist and Queens’ College President Mohamed El-Erian says the Federal Reserve is running out of time for an orderly pull back on its $120 billion monthly bond purchases. He speaks to Jonathan Ferro on “Bloomberg The Open.”Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By John McCorry and Jonathan Ferro

October 1, 2021 at 3:06 PM UTC

This article is for subscribers only.

Mohammed El-Erian has some advice for Federal Reserve Chairman Jerome Powell about tapering: Get going.

The bond-market influencer has for months urged the Fed to reduce its asset purchases before inflation runs rampant and batters financial markets. A week ago, Powell said the U.S. central bank could begin scaling back in November and complete the process by mid-2022.