Author: openjargon

• All but 2 GOP senators voted to block a Democratic bill to protect access to contraception.
• Republicans say they're not actually against contraception but have other issues with the bill.
• The vote was widely seen as a "show vote" that had little chance of becoming law anyway.

The Senate failed on Wednesday to advance a bill designed to protect access to contraceptives nationwide.

Just two Republican senators — Susan Collins of Maine and Lisa Murkowski of Alaska — voted with Democrats to advance the bill. Nine Republicans did not show up to vote.

The vote was teed up by Senate Majority Leader Chuck Schumer as part of an effort to highlight the different between the Democratic and Republican parties over reproductive rights ahead of an election where abortion is expected to play a major role.

Republicans derided the effort as a "show vote," arguing that no one is seriously interested in banning contraceptives such as condoms, Plan-B, or IUDs.

"Do people really think that even a significant minority of the Republican conference is against access to contraception?" said Republican Sen. Thom Tillis of North Carolina. "I don't even want to get into what I don't like about the bill."

It's true that the effort is largely for show — Schumer and Democrats knew that the GOP-controlled House would not take up the legislation. To that point, the bill's "findings" section argues that access for contraception is "especially critical for historically marginalized groups" including "Black, indigenous, and other people of color," "immigrants," and "LGBTQ+ people."

While not necessarily untrue, it's not the sort of thing one would put in legislation designed to attract the support of conservative Republicans.

"It's a bill that has a lot of other garbage in it, and this is a messaging exercise," said Tillis.

But still — if Republicans aren't against contraception, why won't they just vote for the bill?

If you ask them, it mainly comes down to religious freedom.

'The number one issue with it'

The Democratic bill is designed to guarantee the right to access contraception, which was first established for married couples by the Supreme Court in its 1965 Griswold v. Connecticut ruling.

Some experts have since worried that right could now be at risk in the wake of the overturning of Roe v. Wade in 2022. In his concurring opinion in that case, Justice Clarence Thomas argued that Griswold should be revisited.

But the bill includes a line stating that it "applies notwithstanding any other provision of Federal law, including the Religious Freedom Restoration Act of 1993."

That law essentially protects individuals' right to religious freedoms. Republicans argue waiving that law amounts to a "poison pill" in the bill that would force religious institutions to provide contraceptives.

"They've said basically, contraception is gonna be allowed everywhere, regardless of your faith, your background, your institution," said Republican Sen. James Lankford of Oklahoma. "That's the number one issue with it."

Like other Republicans, Lankford is also opposed to certain forms of medical care for transgender youth. The bill includes "sterilization" under its definition of contraception, which the Oklahoma Republican argued would interfere with state-level bans on gender-affirmed care for people under 18.

"This would remove that right from all those states to say they're protecting minors," said Lankford.

22 GOP senators, led by Sen. Rick Scott of Florida, signed a statement on Tuesday, declaring that there's "no threat to access to contraception" and that the bill "infringes on the parental rights and religious liberties of some Americans."

Democrats have also attempted to pass similar legislation at the state level, but have been blocked by Republicans. Last month, Republican Gov. Glenn Youngkin of Virginia vetoed a bill to protect access to contraception, arguing that it violated principles of religious freedom.

The Republicans who voted to block the bill

Here are the 38 GOP senators who voted to block the Right to Contraception Act:

• John Barrasso of Wyoming
• Marsha Blackburn of Tennessee
• John Boozman of Arkansas
• Ted Budd of Indiana
• Shelley Moore Capito of West Virginia
• Bill Cassidy of Louisiana
• John Cornyn of Texas
• Tom Cotton of Arkansas
• Kevin Cramer of North Dakota
• Mike Crapo of Idaho
• Ted Cruz of Texas
• Steve Daines of Montana
• Joni Ernst of Iowa
• Deb Fischer of Nebraska
• Chuck Grassley of Iowa
• Josh Hawley of Missouri
• John Hoeven of North Dakota
• Cindy Hyde-Smith of Mississippi
• Ron Johnson of Wisconsin
• James Lankford of Oklahoma
• Mike Lee of Utah
• Cynthia Lummis of Wyoming
• Roger Marshall of Kansas
• Mitch McConnell of Kentucky
• Markwayne Mullin of Oklahoma
• Rand Paul of Kentucky
• Pete Ricketts of Nebraska
• Jim Risch of Idaho
• Mike Rounds of South Dakota
• Marco Rubio of Florida
• Eric Schmitt of Missouri
• Rick Scott of Florida
• Tim Scott of South Carolina
• John Thune of South Dakota
• Thoms Tillis of North Carolina
• Tommy Tuberville of Alabama
• Roger Wicker of Mississippi
• Todd Young of Indiana

The following 9 GOP senators did not vote:

• Mike Braun of Indiana
• Katie Britt of Alabama
• Lindsey Graham of South Carolina
• Bill Hagerty of Tennessee
• John Kennedy of Louisiana
• Jerry Moran of Kansas
• Mitt Romney of Utah
• Dan Sullivan of Alaska
• JD Vance of Ohio

• Electronic warfare like what the world is seeing in Ukraine could be decisive in future wars.
• US military leaders have been closely watching how electronic warfare is shaping the war in Ukraine.
• The US needs to dominate the electromagnetic spectrum, or it will lose quickly, an Air Force officer said.

Future wars could be decided by electronic warfare like Russia and Ukraine are using right now to interrupt communications, defeat unmanned platforms, and even degrade precision weaponry.

For the US, if it doesn't dominate that invisible domain and win the fight in the electromagnetic spectrum, it will "lose" and do so "very quickly," an Air Force wing commander said.

At the C4ISRNET Conference on Wednesday, US Army Brig. Gen. Ed Barker, the Program Executive Officer for Intelligence, Electronic Warfare and Sensors, and US Air Force Col. Josh Koslov, commander of the 350th Spectrum Warfare Wing, discussed the challenges facing the US in the electronic warfare space and the efforts to find solutions to these problems.

"Electronic warfare is a fire," not unlike certain other weapons systems like artillery, Koslov said, "and the ability to integrate those fires in support the joint force's commander's scheme of maneuvers is more important now than ever."

Both Barker and Koslov noted that dominating the electromagnetic spectrum in a fight against near-peer adversaries like China and Russia would be a close one in a war and that the US must maintain the edge.

"The spectrum is a bad place to be second, and if we lose in the spectrum, or are unable to effect the spectrum, the joint force will lose, and we're going to lose very quickly," Koslov said.

The US has acknowledged the growing importance of electronic warfare in its warfighting strategies, recognizing not only the need to figure out how to defend against the enemy's use of it but also how to fight with it.

Electronic warfare is a broad term for fighting involving elements of the electromagnetic spectrum. Increased US interest in it more recently has been driven by the ongoing conflict in Ukraine, where electronic warfare tactics, such as GPS spoofing and signal jamming, have shaped the fighting.

The US has been watching the war closely to determine key takeaways, and it's been, as a defense expert previously told Business Insider, an "intelligence bonanza" for American forces.

One thing the US has observed in Ukraine is the degradation of some of its more advanced, precision-guided weapons systems by Russian jamming.

In March, Daniel Patt, a senior fellow at the Hudson Institute, wrote in a statement to Congress that the 155mm GPS-guided Excalibur artillery shell "had a 70% efficiency rate hitting targets when first used in Ukraine" but that "after six weeks, efficiency declined to only 6% as the Russians adapted their electronic warfare systems to counter it." Russian efforts have also impacted the GMLRS launched by the HIMARS and JDAMs.

Patt explained that "the peak efficiency of a new weapon system is only about 2 weeks before countermeasures emerge." That information could prove vital for a future great-power fight against an adversary like China or Russia.

At the C4ISRNET conference, Barker called the electromagnetic spectrum another "terrain" of battle.

"We have to treat the EMS as terrain," he said. "You have to be able to hold terrain, you have to be able to maneuver inside of it, and you also have to be able to affect the enemy."

Barker mentioned a recent electronic warfare tabletop exercise, which looked at over 70 different capabilities spread across the joint force and how they fit into the various battlefield strategies and potential fighting scenarios.

He said the exercise helped them to identify "gaps we need to focus on," such as understanding more about what both allies and adversaries look like in the spectrum, as well as needing a "layered approach" to fighting electronic warfare. It's a complex problem, and he said there's no "silver bullet."

At the conference, both Barker and Koslov highlighted the importance of having systems communicate with one another about key data and noted that when the US acquires new technology from industry partners, prioritizing electronic warfare defenses and capabilities is vital.

Barker said "we're realizing that we have to build, essentially, an EW arsenal across the landscape to be able to go at these different kinds of threats."

• Biden spoke so softly during a January meeting that some couldn't hear him, per The Wall Street Journal.
• The White House meeting involved negotiations for additional funding for Ukraine.
• Biden has sought to address concerns about his age by touting his administration's accomplishments.

President Joe Biden during key January negotiations for a Ukraine funding deal spoke so low that some attendees had difficulty hearing him speak, according to The Wall Street Journal.

The report comes as voter concerns about Biden's age remain a major issue impacting his reelection bid, with Democrats largely defending his performance while Republicans have continued to question the president's acuity.

The Journal reported that Biden took roughly ten minutes to slowly greet congressional leaders before the January White House meeting began, and once it started, the president then reiterated the need to support Ukraine — despite the general consensus in the room already being that additional funding was needed.

In the meeting, which was attended by House Democratic Leader Hakeem Jeffries of New York and Office of Management and Budget director Shalanda Young, Biden read from notes and often deferred to staffers when he was asked questions, according to The Journal.

Biden during the meeting also closed his eyes for such a duration that some wondered if he had shut out the meeting, per the report.

"You couldn't be there and not feel uncomfortable," one attendee told The Journal. "I'll just say that." 

It's a damning portrait for Biden — a leading negotiator throughout his decades-long career in Washington — as the 81-year-old president's fitness for office has been an issue that former President Donald Trump has sought to wield against him.

When pressed on the issue, Biden has vigorously defended his age and his administration's accomplishments. And Democratic allies like Jeffries have also strongly vouched for Biden, telling the Journal that the president was "incredibly strong, forceful and decisive" in the January White House meeting.

While Republicans have sought to focus on Biden's age, the 77-year-old Trump has had his share of public slip-ups. In recent months, he has mixed up ex-GOP presidential rival Nikki Haley with former House Speaker Nancy Pelosi. And Trump on several occasions has appeared to confuse Biden with former President Barack Obama, including an incident at a March rally in Richmond, Virginia.

The White House strongly pushed back against the characterization of Biden as a poor performer, which spokesman Andrew Bates in a statement to the Journal said were "false and politically motivated claims." 

"President Biden inherited an economy in free fall, fraying alliances, and a spiking violent crime rate, and he turned each around with his experience and judgment, delivering the strongest economic growth in the world, making NATO bigger than ever, and forcing violent crime to a near 50-year low," Bates added in a Wednesday statement.

• Culdesac is a car-free neighborhood outside of Phoenix, Arizona, the hottest city in the US.
• Culdesac was built to combat the summer temperatures reaching above 110 degrees Fahrenheit. 
• The block was paved without asphalt, designed to maximize shade, and painted white to reflect heat.

Arizona summers are hot — sometimes dangerously so. Phoenix is the hottest city in the US, with summer temperatures regularly exceeding 110 degrees Fahrenheit. In 2022, nearly 400 people in Maricopa County — which includes Phoenix, Tempe, Scottsdale, and other surrounding cities — died from heat-related conditions, according to Maricopa County Public Health.

The Arizona heat can also cause severe burns from contact with outdoor surfaces that can be as scorching as 180 degrees Fahrenheit.

Enter Culdesac, a car-free community in Tempe that is combatting the area's heat problem with a neighborhood built to cool.

The neighborhood, where cars are banned and residents get around with public transit and electric bikes, opened in 2023. A company representative told Business Insider that the 17-acre block houses 200 people, but the company is aiming for 1,000 residents.

I recently got a tour of Culdesac, where I anticipated open street paths, shops, and amenities residents could walk to.

And I found all of that. But I didn't expect to feel cooler on the block than on the surrounding streets.

During my tour, I learned that Culdesac feels about 15 degrees colder than the city's temperature, thanks to initiatives by the housing startup during the building process.

Culdesac is a car-free neighborhood that feels cooler than the surrounding streets.

When I arrived at Culdesac on an April afternoon, the temperature was about 90 degrees in Tempe, Arizona. But it didn't feel that way.

CEO, cofounder, and Culdesac resident Ryan Johnson — who hasn't owned a car in 14 years — told BI that Culdesac feels cooler than the rest of Tempe for four reasons: pavement materials, building layout, landscaping, and color.

This is in part because there's no asphalt anywhere on the block.

The ground at Culdesac contributes to its cooler temperatures. Unlike most urban areas, the neighborhood was built without asphalt, a paving material that soaks up the sun's heat.

While developing the block, Culdesac used alternative materials like pavers and decomposed granite to combat high temperatures and absorb rainwater that would otherwise heat up, the Culdesac representative told BI. He added that the temperature measures 30 degrees Fahrenheit cooler than the asphalt on surrounding streets.

The neighborhood's layout was designed to maximize shade.

According to Culdesac's website, the neighborhood can feel 10-15 degrees cooler than the temperature because there's so much shade.

The residential buildings are positioned close together to add as much sun coverage as possible to the block.

And in the plaza, where the pathways are wider, there's a shaded canopy sculpture created by artist Matthew Salenger.

Culdesac thoughtfully landscaped the block to provide even more sun coverage.

More than 50% of Culdesac is open space full of plants that add shade. The community carefully selected trees that provide sun coverage, opting for palo verde — ideal for shade, according to Desert Sun — over palm trees, which dot many streets in the county without blocking much of the sun.

The trees shade the plaza and courtyards between residential buildings.

The buildings' bright colors reflect sunlight.

Culdesac selected white paint for its buildings because, unlike darker colors, the sun's rays bounce off white surfaces, resulting in the buildings absorbing less heat.

Reflecting the heat also makes the buildings more energy efficient because less air conditioning is required to cool them.

To me, Culdesac made the hot county feel livable.

I love Arizona. It's where I was born, and although I don't remember living there, visiting the beautiful state with its mountains, canyons, and desert landscapes over the years has made me wonder about moving there someday.

The idea of scorching summers has always given me pause, though. But maybe I could live just outside the hottest city in America if I moved to a neighborhood like Culdesac.

• 13 protesters were arrested after barricading themselves in the office of Stanford's president.
• Participating pro-Palestinian students are suspended, and seniors won't graduate, Stanford said.
• A public safety officer was injured by protesters, according to the university.

Thirteen pro-Palestine protesters were arrested at Stanford University Wednesday after they barricaded themselves inside the school president's office building.

Protesters occupied Building 10 — where the offices of Stanford's president and provost are located — to demand the university divest from companies supporting Israel's war in Gaza, according to The New York Times.

Stanford President Richard Saller and Provost Jenny Martinez said in a statement that a public safety officer was injured by protesters. Damage was done inside the building, and graffiti outside conveyed "vile and hateful sentiments."

The statement said that arrested students will be immediately suspended, and seniors will not be allowed to graduate.

The Stanford Daily reported that one of its journalists covering the protest was among those arrested.

Saller and Martinez also said Wednesday that an encampment at Stanford protesting Israel's war had been removed.

"The situation on campus has now crossed the line from peaceful protest to actions that threaten the safety of our community," they wrote. While the university values "peaceful and reasoned debate," it condemns "any actions like those that were taken today."

Roughly 3,000 protesters have been arrested on US college campuses, according to the Times. The 13 arrests at Stanford are dwarfed by the upwards of 200 arrests that previously occurred at Columbia University and UCLA.

• I tried Red Lobster's infamous endless shrimp promotion and thought it was a good value for $30.
• I could also see why it proved disastrous for the chain when offered every day.
• The coconut shrimp was a standout star, but I also enjoyed the shrimp skewers.

A few weeks after Red Lobster filed for bankruptcy, I visited the chain's Times Square location to try its now-infamous Endless Shrimp promotion for the first time.

This wasn't my first time eating at a Red Lobster. When I've gone in the past, it's been on the weekend. Now, here I was — on an otherwise dull Monday night — prepared to eat my weight in bottomless shrimp at a Times Square chain restaurant.

Red Lobster's Endless Shrimp has quite the reputation.

The promotion was originally launched as a $20 once-a-week deal. Customers were pleased with the deal, so in the summer of 2023, Endless Shrimp became available every day of the week.

However, inflation and the rising cost of seafood meant Red Lobster would raise the price of Endless Shrimp twice, eventually landing at a base price of $25 to cope with demand and improve profits. At the location I visited in New York City, it was priced at $30.

Despite the increased price to offset expenses, the all-you-can-eat strategy backfired. In the two quarters following the initial launch of the daily endless shrimp promotion, Red Lobster reported operating losses of $11 million and $12.5 million.

Discussing the company's low profits in an earnings call in November, Ludovic Garnier, the global chief financial officer of the chain's owner, Thai Union Group, told investors the overwhelming response to endless shrimp had led to the losses.

"For those who have been in the US recently, $20 was very cheap," Garnier said. "We don't earn a lot of money at $20."

Garnier added the deal "did not deliver what we were expecting" and was "one of the key reasons for the losses we generated in Q3 2023."

Once a daily promotion, Endless Shrimp is now only available on Mondays, which is when I found myself at the revolving doors of Red Lobster's Times Square location on a hot summer night.

I arrived at Red Lobster's Times Square location fully prepared to order as much endless shrimp as possible.

However, I wasn't only there for the shrimp. I was also curious to see how the chain's flagship New York City location was faring amid the recent news that Red Lobster has filed for bankruptcy.

Nearly a month after reports first emerged that the chain would file for bankruptcy, the chain released a statement announcing it had voluntarily filed for Chapter 11 bankruptcy on May 19.

The statement said Red Lobster's 550 remaining restaurants, including the Times Square restaurant I visited, would "remain open and operating as usual during the Chapter 11 process" after dozens of restaurants closed their doors a week prior.

When I arrived with a friend at prime dinnertime, the dining room was heaving. We were able to snag a booth for two.

We were both surprised by how busy the restaurant was on a Monday night, especially given the recent news. However, people appeared to be taking advantage of the chain's feasts and deals all around us.

I spied at least two patrons eating what appeared to be platters of shrimp, and another family was splitting a large platter of lobster tails and other seafood dishes. Based on what I saw, the chain didn't appear to be having any trouble bringing Times Square tourists through its doors.

In addition to the chain's daily deals, it was also the first day of Crabfest.

Given the chain's botched endless snow-crab promotion in 2003 that tanked the company's stocks, I was admittedly a little surprised to see this on the menu. However, it's worth noting that the Crabfest deal isn't endless.

Instead, for $33.99, guests can order a full pound of crab legs prepared in a variety of flavors over crispy potatoes.

Make no mistake, though — I wasn't there for the crab.

The Endless Shrimp deal costs $30 and gives customers the choice of five different shrimp-filled dishes.

To start, I was given the choice of three shrimp dishes and a side. I ordered the grilled shrimp, the Parrot Isle jumbo coconut shrimp, Walt's favorite shrimp, and a side of coleslaw.

I skipped the two pasta dishes — the garlic shrimp scampi and the shrimp linguini Alfredo — because I've had the latter pasta before, and found it to be very filling. This was a marathon, not a sprint.

My platter of shrimp arrived promptly, as did the side of coleslaw.

My dinner came out at the same time as my guest's, a Caesar salad topped with shrimp. I was impressed the restaurant was able to serve the three different kinds of shrimp in such a short amount of time.

I was also impressed by the portion size. The shrimp skewer, which came with rice, had six pieces of shrimp on it. Also on the plate were four pieces of coconut shrimp and five pieces of Walt's favorite shrimp.

Right away, I knew it would be a struggle to order even a second helping, let alone a third or a fourth.

I started by trying the coleslaw. I really liked it.

I was immediately glad I picked coleslaw as my side, rather than a heartier option like mashed potatoes or mac and cheese. The coleslaw was fresh and tangy, and its dressing packed a lot of flavor while not overpowering the vegetables.

The coleslaw brought a light, citrus flavor that balanced my meal perfectly.

The shrimp skewer came with wild rice and a lemon wedge.

The shrimp was grilled and had a buttery garlic glaze on it. I thought the shrimp were on the smaller side, but since there were six of them on the skewer I didn't mind.

The skewer felt like a somewhat healthier option compared to the decadent, intensely rich dishes I've had at Red Lobster before, like the shrimp linguini or the lobster dip.

The rice was also flavorful and well-seasoned — it was a nice addition to my plate.

The classic fried shrimp had a perfectly crispy outer shell.

According to the chain's menu, Walt's favorite shrimp — named after an early employee, Walt King, according to the chain — are hand-breaded, butterflied, and lightly fried shrimp. They came served with a small tub of cocktail sauce, which I thought had a tart, tomato flavor that complemented the shrimp.

I enjoyed these shrimp and thought the breading was the ideal thickness. However, compared to the grilled shrimp and the coconut shrimp, they could have used a touch more flavor.

They really just tasted like breading and plain shrimp.

My favorite of the three varieties I tried was the Paradise Isle jumbo coconut shrimp.

The platter came with four pieces of coconut shrimp and a piña colada-flavored dipping sauce. Normally, an appetizer of this coconut shrimp costs $15.49, excluding tax, for six pieces of shrimp.

I thought that including it as part of the $30 endless shrimp deal was a great value.

The coconut shavings flaked off in my mouth with every bite, adding the perfect level of sweetness to my otherwise savory platter of shrimp. The creamy, pineapple-flavored sauce added tartness to the coconut shrimp, and I found the meat inside to be quite tender.

After finishing the contents of my first platter, it was time to order more.

I definitely would have been satisfied with just the first platter of shrimp. However, for the sake of journalism and trying to get the biggest bang for my buck, I decided to order more.

When our server came back to check in, I was given the choice of two shrimp dishes. I chose to get the shrimp skewer and the coconut shrimp again.

My second shrimp skewer didn't come with rice, but I didn't mind.

Again, the shrimp was buttery and tender. I didn't struggle too much to finish this second helping.

However, by the time I got to the second plate of coconut shrimp, I was shrimped out.

Despite the aroma of the coconut shrimp calling to me, I couldn't finish more than one of them. Overall, I was feeling full … but not borderline sick, like I was the last time I feasted on cheesy, rich dishes at Red Lobster.

The three plates of shrimp I consumed didn't stop me from ordering one of the chain's desserts.

The chain's Chocolate Wave cake was a multilayered chocolate explosion paired with whipped cream and vanilla ice cream drizzled with chocolate sauce.

The cake was a perfect palette cleanser for the copious amounts of shrimp I had eaten.

The cake was rich and very moist, and the chocolate frosting had a strong, dark flavor to it. I also liked the crunchy bits of chocolate shavings on the edge of the cake, which added a nice textural balance.

I'll definitely be back for the endless shrimp, as long as it's still available.

After trying Red Lobster's endless shrimp for the first time, I had a few takeaways.

One, it was an incredible deal, even at the higher price of $30.

Two, I understand why it was disastrous for the brand when offered every single day.

I only had three helpings of the bottomless shrimp. However, the bottomless nature of the deal — and the fact that the shrimp I ordered were small, tasty, and very easy to load up on — meant I could completely imagine people getting plate after plate, creating a financial predicament for the chain.

As a customer, I loved the endless shrimp promotion and completely understood why it's been so popular with Red Lobster fans, even as it's been demoted to only one day a week.

However, as a food reporter, I now have a deeper understanding of how the deal could be so disastrous for the company's bottom line, no matter how delicious it was.

• The Fed should start cutting interest rates in July, but likely won't, Mohamed El-Erian said.
• "We've had nothing but negative surprises," he told Fox Business.
• These include disappointing retail sales and manufacturing prints, signaling a cooling economy.

While markets dissect economic data points to determine whether interest-rate cuts will come this fall, Mohamed El-Erian says there's enough to support cuts in July.

In an interview with Fox Business on Tuesday, the prominent economist cited a slew of cooling indicators that would support a Federal Reserve policy easing next month.

"We've had nothing but negative surprises," he said. "All that is saying to us is that the economy is slowing much faster than most people expected, including the Fed."

To back the point, El-Erian referenced disappointment in recent retail sales, as well as production data. Just this week, lower-than-expected results on the ISM Manufacturing index caused stock markets to stumble, followed on Tuesday by an underwhelming job vacancies report.

He also listed Wednesday's service sector data as a crucial metric to watch. The ISM Service index ended up beating estimates, rising to 53.8 in May.

Though his comments preceded the results that have since come out, he noted that the sector is a big driver of inflation, as well as growth.

Few, including El-Erian, actually expect the Fed to cut in July, even if it's called for.

Futures markets are currently indicating that a policy pivot is most likely to start in September instead, and odds of a summer rate cut stand at only 18.5%.

In his view, the Fed will keep waiting as it's too reliant on data that reflective more of the past. For instance, that's as Fed Chairman Jerome Powell prefers to focus on three-month moving averages, as opposed to month-to-month changes.

"Monetary policy acts with a lag," El-Erian said. "You are really targeting the economy of tomorrow; but if you do that based on yesterday's data, you're likely to get it wrong."

El-Erian has also been an ongoing proponent of shifting the Fed's inflation target up to 3%, as opposed to the 2% rate the central bank is devoted to achieving. He's previously warned that the Fed risks damaging the economy by keeping rates elevated for too long.

The economist would prefer that the Fed cut three times this year, but realistically expects no more than one or two cuts.