Mohamed El-Erian : Dont Depend on the Fed

In an interview WITH CNBC this morning Mohamed El-Erian CEO and and co-CIO of Pimco discussed the dangers of deflation and the remaining options for the Fed and the government.He said that the central bank can only do so much to foster growth and avoid deflation.“Fed policy is not enough. You need to do more than that to get off that road,” eL-eRIAN said.“The country is facing structural issues and it needs structural solutions,” he added. “Just focusing on the Fed is like sending in a wide receiver to play quarterback. Yes, the wide receiver is a good athlete. But he’s not a quarterback and we need to focus on structural issues.”