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Pimco's El-Erian Says Fed Easing to Spur Faster Inflation

Tue, 10/26/2010 - 8:10am -- editor

Quantitative easing, the strategy of buying bonds to cut borrowing costs, won’t be enough to deliver high economic growth, he said yesterday at a reception in New York sponsored by the Financial Women’s Association. The record amount of U.S. debt is another problem for the economy, said El-Erian, who is also co-chief investment officer at Pimco, which runs the world’s biggest bond fund.