Did the Fed Do Enough? The Central Banks’ Great Awakening 6/16/22

The Fed raised interest rates by 75 basis points on Wednesday and alluded to more hikes in the coming months, as CNBC’s Steve Liesman recaps. But did the Fed do enough? Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, Cambridge shares his thoughts on the Fed, the European Central Bank, and the Swiss Central Bank after all three announced interest rate hikes. CNBC’s Jon Fortt considers whether the Fed raised rates high enough, quickly enough, and what it will take to find a ‘soft landing.’ In this episode: Mohamed El-Erian @elerianm Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Mike Santoli @michaelsantoli Steve Liesman, @steveliesman Jon Fortt @jonfortt Cameron Costa, @CameronCostaNY