Mohamed El-Erian: Why the Fed lost credibility

From youtube.com/yahoofinance

The biggest question facing the Federal Reserve may not be whether it cuts or raises rates. Mohamed El-Erian explains why he believes the Fed is undergoing a much bigger transformation after years of policy mistakes, what that means for investors, and why debates over interest rates may be distracting from the real story. The conversation also explores AI investment, market leverage, tech valuations, and why public trust could become AI's biggest challenge.