El-Erian: More Fed Action Coming, But it May Not Help

|

Central banks in the US and Europe likely will implement "several rounds" of monetary easing programs in November, but with uncertain chances of success, Pimco co-CEO Mohamed El-Erian told CNBC.


The first leg of such programs—known in market vernacular as "quantitative easing," or QE—was somewhat effective but largely a disappointment, he said.

Comment
Show commentsHide Comments

Latest Markets Videos

Market Overview
Search Stock Quotes
Video Archives
Partner Videos