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El-Erian on Central Banks' Policies, Markets, China
Posted
September 1, 2023
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September 1, 2023
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5:50Now Playing"I think the major issue is that the market has become overly data-dependent, just like our central banks have become overly data-dependent. So we're not looking beyond the next data release because we're worried about what will the Fed do in September, what will the ECB do in September." Mohamed El-Erian, chief economic adviser at Allianz and a Bloomberg Opinion columnist, discusses policies of central banks including the Federal Reserve, the state of the global economy and the implications for financial markets. He also talks about China's efforts to support its economy and markets. He speaks on the sidelines of the Ambrosetti Forum in Cernobbio on Lake Como, Italy, with Francine Lacqua on "Bloomberg Markets: Today."
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