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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. ....
"My worry is that it may end up being remembered in a category of its own, as the Fed that undermined its own credibility," Mohamed El-Erian said. ....
"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. ....