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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.
  • Monday, 30 September, 2024
    Markets InsightFederal Reserve
    The Fed’s insurance policy

    Big interest rate cut is yet another evolution in paradigm of liquidity dominance

    A screen on the trading floor at the New York Stock Exchange displays a news conference with Federal Reserve chair Jay Powell on September 18
  • Friday, 13 September, 2024
    Markets InsightUS interest rates
    The big question is what comes next after the Fed’s rate cut

    Bond investors could easily be caught off guard if liquidity conditions fail to loosen significantly

    The seal of the Board of Governors of the Federal Reserve System is displayed on a window at the Federal Reserve building in Washington, DC.
  • Friday, 23 August, 2024
    Markets InsightFederal Reserve
    Market volatility looks more likely post-Jackson Hole

    Ironically, Jay Powell’s speech has encouraged markets to run even faster and with more confidence

    A television station broadcasts US Federal Reserve Chair Chair Jerome Powell speaking in Jackson Hole
  • Monday, 5 August, 2024
    Markets InsightGlobal Economy
    Policymakers need to rethink some rules

    On both sides of the Atlantic, the configuration of strictures on central banks and governments may risk economic wellbeing

    Rachel Reeves
  • Tuesday, 23 July, 2024
    Markets InsightGlobal Economy
    Why I am now optimistic that economies can break out of a rut

    For the first time in two decades, the potential for a step up in western growth is real and promising

    Jobseekers at a career fair in North Carolina, US
  • Monday, 8 July, 2024
    Markets InsightFederal Reserve
    What the Fed should put on the Jackson Hole agenda

    Central bank should use the summer to address issues key to America’s economic wellbeing and global financial stability

    Jay Powell at last year’s Jackson Hole meeting
  • Tuesday, 18 June, 2024
    Markets InsightFederal Reserve
    Fed needs to cut interest rates sooner rather than later

    Delay by US central bank in easing monetary policy could jeopardise soft economic landing

    Federal Reserve chair Jay Powell
  • Thursday, 30 May, 2024
    Markets InsightMonetary policy
    Europe may soon discover the limits of decoupling on rates

    Monetary policy in advanced countries is diverging in a manner that was thought highly unlikely just a few months ago

    The European Central Bank in Frankfurt, Germany
  • Thursday, 2 May, 2024
    Markets InsightFederal Reserve
    Powell’s dovishness is right, but not for the reasons he believes

    Fed is unlikely to get to its 2% inflation target unless it is willing to impose major damage on the economy

    Federal Reserve chair Jay Powell
  • Friday, 19 April, 2024
    Middle East war
    Markets are a frog in boiling water on Iran-Israel

    While the reaction to the latest hostilities has been tame, the global economy is too fragile for a new crisis

    Protesters inTehran on Friday after Israel’s retaliatory strike on Iran
  • Monday, 8 April, 2024
    Markets InsightAsset allocation
    Inverted pyramid of investments needs shoring up

    The shift towards more opportunistic and tactical positions is risky

    Pyramids
  • Tuesday, 26 March, 2024
    Markets InsightMonetary policy
    A turning point in central banking

    Last week’s monetary policy moves mark a shift away from strict inflation targeting

    Federal Reserve building
  • Tuesday, 5 March, 2024
    Markets InsightChinese business & finance
    Foreign investors are right to see China as a trade more than a long-term bet

    Country faces clear and present danger of falling into middle-income trap

    Pedestrians carry umbrellas while walking through the Guomao central business district in Beijing
  • Thursday, 15 February, 2024
    Markets InsightArtificial intelligence
    How Gen AI will change asset management

    The industry serves as a natural experiment for a technology that will change practices, organisations and regulations

  • Monday, 29 January, 2024
    Markets InsightGlobal Economy
    The conflicting forces at work in the global economy

    The outlook is brighter but a legacy of over-indebtedness, low-quality growth and darkening geopolitics must be dealt with

    A view of a crude oil tanker in the  Suez canal
  • Tuesday, 16 January, 2024
    Markets InsightGlobal Economy
    A warning shot over the last mile in the inflation battle

    US data highlights the challenges facing the Fed in attaining its 2% inflation target

    People shopping at a supermarket in Brooklyn, New York
  • Monday, 18 December, 2023
    Markets InsightUS interest rates
    The Fed should resist market bullying

    Central bank is facing pressure to take an even more dovish stance

    Fed chair Jay Powell, pictured in Washington, DC
  • Thursday, 7 December, 2023
    Markets InsightUS interest rates
    The peculiar market divide on the rate outlook

    Investors should beware of disregarding the signals emitted by the Fed

    The Federal Reserve building is seen in Washington
  • Tuesday, 21 November, 2023
    Markets InsightAutumn Statement
    The risks of tax cuts in Jeremy Hunt’s Autumn Statement

    UK chancellor should direct more resources to AI, life sciences and the green energy transition

    UK chancellor Jeremy Hunt
  • Monday, 6 November, 2023
    Markets InsightMonetary policy
    The big central banks need to use their time outs wisely

    Policymakers should go well beyond data analysis in looking to the future

    Head coach Dan Campbell of the Detroit Lions calls for a time out in the second quarter against the Las Vegas Raiders at Ford Field
  • Tuesday, 17 October, 2023
    Markets InsightUS Treasury bonds
    US bond market is losing its strategic footing

    Unusual volatility in yields points to longer-term challenges for most influential segment of world’s financial markets

    Federal Reserve building in Washington, DC
  • Tuesday, 10 October, 2023
    Investments
    Why Mohamed El-Erian favours cash over equities for now

    Top economist reveals his personal investment strategy on the FT’s Money Clinic podcast

  • Thursday, 5 October, 2023
    Markets InsightUS economy
    The US may no longer avoid a recession

    The economy is likely to weaken as markets internalise the significant likelihood that rates will stay higher for longer

    Fed chair Jay Powell speak to media
  • Wednesday, 4 October, 2023
    ReviewBooks
    Permacrisis — Gordon Brown and Mohamed El-Erian’s blueprint for global governance

    Ways to fix a broken system and revamp our approach to economic management

  • Friday, 22 September, 2023
    Global Economy
    The plight of the ‘permacrisis’ and what to do about it

    The complexity of central banks’ ‘last mile’ on inflation is part of a bigger economic challenge

    Christine Lagarde, president of the European Central Bank (ECB), from left, Kazuo Ueda, governor of the Bank of Japan (BOJ), and Jerome Powell, chairman of the US Federal Reserve, at the Jackson Hole economic symposium in Moran, Wyoming, US, on Friday, Aug. 25, 2023.
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