Even though he's not in the recession camp right now, he predicts aggressive Federal Reserve tightening paired with a decelerating economy this fall will
contribute to fresh market swings.Dwyer warned investors the"Fed is in a box." He still calls it a problem, especially as money availability dwindles and inflation persists.
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Market has gone 'too far' at pricing in Fed rate hikes, says Mohamed El-ErianMohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins CNBC's 'Squawk Box' to discuss the Federal Reserve's upcoming interest rate decision, markets and more. elerianm You have been waiting for this for too long, pausing to double up now?! elerianm Interest rates are only part of the problem. The Balance sheet is a far bigger issue. elerianm inflation from overheating economic growth is not the problem. Inflation from reckless FederalReserve and congress policies/law last 20 years is the problem. Hiking rates, which the lawyer in charge of Fed, seems to favor, will just make a bad problem worse. Winter is here.
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