Watch CNBC's full interview with Mohamed El-Erian on upcoming Fed meeting

Mohamed El-Erian, Allianz and Gramercy advisor, and CNBC's Steve Liesman join 'Squawk Box' to discuss how last week's inflation report could impact the Federal Reserve's outlook. El-Erian breaks down why he thinks the Fed is "caught in a cognitive trap" after sticking with its transitory viewpoint "for way too long." El-Erian also touches on shares of Apple, which is nearing a milestone market capitalization of $3 trillion.
Mon, Dec 13 202110:21 AM EST