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Add Mohamed El-Erian to the growing ranks of those who\u00a0expect<\/a>\u00a0the Federal Reserve to ease monetary policy less than its peers in the coming months.<\/p>\n Slowing growth and sharper disinflation in Europe could prompt the European Central Bank to cut interest rates \u201cas often if not more than the Fed, which was unimaginable a few months ago,\u201d El-Erian, the president of Queens\u2019 College in Cambridge and a Bloomberg Opinion columnist, said Tuesday on Bloomberg Television. \u00a0<\/p>\n The potential discrepancy between the pace of Fed and ECB easing \u201cis having a huge impact on relative pricing between Europe and the U.S.,\u201d El-Erian said. \u201cYou do see that in the bond market, you see it in the currency market\u201d, he said, adding that parity between the euro and the dollar \u201cis a possibility.\u201d\u00a0<\/p>\n Traders are awaiting the results of the European Central Bank\u2019s policy meeting on Thursday, when officials led by President Christine Lagarde are widely\u00a0expected<\/a>\u00a0to telegraph a looming rate cut come June. The ECB is \u201cgoing to signal quite strongly that June will be when they cut, something the Fed will not do,\u201d El-Erian said.\u00a0<\/p>\n El-Erian also spoke ahead of new US consumer price index data on Wednesday, a crucial indicator for US policymakers that is expected to show core inflation easing slightly in March. El-Erian has\u00a0argued<\/a>\u00a0that the central bank\u2019s longer-run inflation expectations should be revised higher as macro conditions \u2014 like supply chains and productivity \u2014 evolve.\u00a0<\/p>\n \u201cInflation will be sticky,\u201d he said Tuesday. \u201cBut that shouldn\u2019t stop the Fed, because the 2% inflation target is too tight for a global economy going through a major rewiring.\u201d\u00a0<\/p>\n<\/div>\n\nSubscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up<\/a> for free.<\/div>\n<\/div>\n