El-Erian Says Yield-Curve Move Won't Impact Fed

The transcript discusses the Federal Reserve's potential shift in language and its impact on market expectations. It highlights differing views on the Fed's policy, with some urging quicker easing and more serious consideration of inflation. The conversation also touches on the growing recognition of inflation concerns and the need for policy adjustments, with more economists and Fed members acknowledging these issues.

What changes in sentiment regarding inflation and Fed policy does the speaker observe?

What risks does the speaker associate with the Fed's current policy approach?