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While major Wall Street figures like Jamie Dimon have warned about "cockroaches" infesting the US economy due to concerns about the credit market, some aren't as fearful of the invasive bug analogy.
Allianz chief economic adviser, Mohamed El-Erian, sits down with Yahoo Finance Executive Editor Brian Sozzi to talk about why he's not seeing any "termites" eating away at "the integrity of the system."
El-Erian goes on to discuss a variety of topics, including the type of economic objectives that the next Federal Reserve chair should adhere to, the economic risks "keeping him up at night," and what he is noticing about the impact of AI on the labor market alongside continued speculation over the formation of a market bubble.
President Trump signed a new funding bill pushed forward by Congress to reopen the federal government on Wednesday, opening up the floodgates for a massive inflow of economic data for the Federal Reserve to examine ahead of the central bank's December FOMC meeting.
Former Federal Reserve Vice Chair Lael Brainard speaks with Yahoo Finance executive editor Brian Sozzi about the state of the US economy, the affordability crisis placing more financial strain on Americans, and why she would back current Fed officials cutting rates again on the backdrop of inflation and labor market risks.
Brainard has previously served as the director of the National Economic Council (NEC) under President Biden, as well as the Under Secretary of the Treasury for International Aff
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