El-Erian Warns Fed After Jobs Data: 'Inflation Is Not Dead'

What You Need To Know

• El-Erian's comments came after Friday's job data blew away estimates, triggering a jump in U.S. stocks and bond yields.
• Fed official Austan Goolsbee had a different take after the data.
• He said the jobs readout supported a case for lower rates in the months ahead.