El-Erian Says Fed Should 'Go for 50' Basis-Point Hike at Next Meeting

The transcript discusses the debate over whether to downshift to 25 basis points or stay at 50, with arguments supported by different economic data. The speaker personally favors 50 due to concerns about inflation becoming sticky around 4% mid-year. The discussion also covers the concept of pace versus destination in economic policy, emphasizing the risks of linking the two and suggesting that a slower pace with a longer duration may not be ideal.

What does the speaker suggest about linking pace to destination?

• It's a good idea

• It's a bad idea

• It depends on the situation

• Not mentioned

What is the speaker's concern regarding the economic approach discussed?

• Downside risks

• Inflation

• Market credibility

• Labor market stability