Prominent Economist Warns Inflation Not Transitory, Could Be ‘Shock’ to Financial System

Prominent Economist Warns Inflation Not Transitory, Could Be ‘Shock’ to Financial System
Customers shop for produce at a supermarket in Chicago, Illinois, on June 10, 2021. Scott Olson/Getty Images
Emel Akan
Updated:

More U.S. economists are starting to publicly warn of rising inflation, with renowned economist Mohamed El-Erian saying he worries “a great deal” that inflation will not be transitory and arguing that there’s too much “on-the-ground evidence” that it will stay high.

In a recent op-ed in the Financial Times, El-Erian, who is one of the most widely followed economists, said central banks and markets need to “widen their perspective” to avoid significant damage to the economic and financial system.
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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