El-Erian: Massive Loss of Trust After Brexit Vote

The transcript discusses the effectiveness of central bank policies, particularly focusing on the ECB, BOJ, and the Bank of England. It highlights the challenges these banks face in promoting economic growth and the potential need for government measures, especially in light of Brexit. The discussion also covers the impact of Brexit on central banking and economic growth in the UK and Europe. Additionally, it examines the US yield curve's response to global economic conditions, emphasizing the influence of European policies on US interest rates.

According to the text, what measures should governments take to alleviate the burden on central banks?

What does the text suggest about the future of the US yield curve in relation to European policies?