Mohamed El-Erian warns the Fed supporting junk bonds could eat away at 'what makes America special,' and create a new generation of 'zombie companies'

· Famed economist Mohamed El-Erian warned that the Federal Reserve has raised the prospect of creating a generation of "zombie companies" by buying junk bonds during the pandemic.
· El-Erian comments comes after the Fed announced a $2.3 trillion package on April 9 to bolster lending and begin buying corporate debt across a...