The Economic "Trilemma" - with Mohamed El-Erian

Call Me Back - with Dan Senor

Ark Media

Society, October 7, Hamas, War, Foreign Policy, Geopolitics, Israel, News Commentary, News, Politics, Elections, Palestine, Dan Senor, Government

4.8 • 2.3K Ratings

🗓️ 27 October 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Record inflation, another wake-up call out of Beijing, a new prime minister in the UK, overhang of supply chain shocks and massive fiscal and monetary stimulus from the pandemic, all against the backdrop of the Russia-Ukraine war, which shows no signs of abating. What are the economic implications of all this? What should Central Banks be doing? Dr. Mohamed El-Erian returns to the podcast. He is President of Queens' College at Cambridge University. Mohamed serves as part-time Chief Economic Advisor at Allianz and Chair of Gramercy Fund Management. He’s a Professor at The Wharton School, he is a Financial Times contributing editor, Bloomberg Opinion columnist, and the author of two New York Times best sellers. He serves on several non-profit boards, including the NBER, and those of Barclays and Under Armour. From 2007-2014, Mohamed served as CEO/co-CIO of PIMCO. He worked at PIMCO for a total of fourteen years, and was chair of President Obama's Global Development Council. Mohamed also served two years as president and CEO of Harvard Management Company, the entity that manages Harvard’s endowment. He has been chair of the Microsoft Investment Advisory Board since 2007.

Transcript

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0:00.0	Volker was dealing with a dilemma, growth versus inflation,
0:05.0	Powell is dealing with the trilama, growth, inflation,
0:09.0	and financial stability.
0:10.2	So as hard as Vola's challenge was, I think that Chair Powell faces an even harder one. The midterm elections are just around the corner where voters will be going to vote with
0:34.8	according to just about every poll inflation top of mind the staggeringly high
0:40.8	cost of living and we've just had yet another wake-up call out of Beijing and another change at number
0:46.8	10 Downing Street, 5th Prime Minister, that's number 5 in 7 years.
0:52.0	And still the overhang of supply chain shocks and massive fiscal and monetary stimulus from the pandemic,
0:58.0	all against the backdrop of course of the Russia-Ukraine war, which as Fred Kagan reminded us a couple weeks ago, shows
1:05.4	no signs of abating.
1:07.8	What are the economic implications of all this?
1:10.3	What should Central Banks be doing? Our friend, Dr. Mohammed Al-Arian, returns to the podcast.
1:16.0	He is president of Queens College at Cambridge University.
1:19.0	Mohammed serves as part-time chief economic advisor at Alians and chair of Grand Mercy Fund Management.
1:26.2	He's a professor at the Wharton School.
1:27.6	He's a Financial Times Contributing Editor, a Bloomberg Opinion columnist, and the author of two
1:32.4	New York Times bestsellers.
1:34.0	He's a real underachiever.
1:36.0	He also serves on several nonprofit boards, including the National Bureau of Economic Research
1:40.0	and those of Barclays and Under Armour.
1:43.2	From 2007 to 2014, Mohammed served as CEO and co-cio of PIMCO, which has over $ trillion dollars under management.
1:53.4	He was also chair of President Obama's Global Development Council.
	...

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