Fed out of QE by year's end but low rates linger: El-Erian

Monday, 6 Jan 2014 | 8:40 AM ET

Mohamed El-Erian, CEO and co-CIO of Pimco, provides his outlook on Fed policy, markets and the U.S. economy. Rates will stay lower than markets anticipate right now, says El-Erian. It is unlikely we will end up with high single-digit growth this year.