Rumors Swirl Around El-Erian's Next Move

Now that the shock of Mohamed El-Erian’s resignation has resonated throughout the financial services industry, the rumor mill of speculation as to his next step is in full swing.

The speculation spinning out of the early turn includes a position at the US Federal Reserve, the President of Egypt and even US Treasury Secretary Jack Lew stepping down and being replaced by El-Erian, which is being reported by Charlie Gasparino of Fox Business as one potential outcome.

Fed replacement talk

Immediately after the announcement that El-Erian was leaving PIMCO, talk began regarding a potential move to the Fed.  Bloomberg’s Matthew Klein...