El-Erian says 'transitory' was the 'worst inflation call in the history' of the Fed
Calling inflation "transitory" was a historically bad move for the Federal Reserve, according to Allianz chief economic advisor Mohamed El-Erian.
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### Instruction: El-Erian says 'transitory' was the 'worst inflation call in the history' of the Fed

### Response: Calling inflation "transitory" was a historically bad move for the Federal Reserve, according to Allianz chief economic advisor Mohamed El-Erian.