El-Erian on Russia and the Fed: 'This is the situation everybody was afraid of'

Russian attack on Ukraine takes aggressive Fed rate hikes off the table: El-Erian
VIDEO2:0002:00
Russian attack on Ukraine takes aggressive Fed rate hikes off the table: El-Erian

The Federal Reserve has few good policy options on the table as it confronts soaring inflation at home and the ramifications of the Russia-Ukraine conflict abroad, economist Mohamed El-Erian said Thursday.