Mohamed El-Erian highlights increased risks of recession and "financial accidents" amid high interest rates, and addresses commercial-property concerns in a new Insider interview.
"In this new year, recession, actual and feared, has joined inflation in the driver seat of the global economy and is likely to displace it," El-Erian said.
Top economist Mohamed El-Erian has imagined a heart-to-heart between financial markets and Fed boss Jerome Powell to show the missed messages and risks.