El-Erian Says Low Traction in the Economy Should Result in More Stimulus

“Pacific Investment Management Co.’s Mohamed El-Erian said the U.S. economy is having difficulty gaining traction after a government report showed U.S growth expanded less-than-forecast in the first quarter.

The Federal Reserve is likely to provided additional assistance if the U.S. economy weakens further, though there is “no immediate need” to do so, El-Erian, the chief executive officer of the world’s largest manager of bond funds, said during an interview on Bloomberg Television’s “In the Loop” with Betty Liu…”

Full article / interview