Breaking News-RTRS-UPDATE 2-Pimco's El-Erian: Unintended consequences from Fed move

NEW YORK, Dec 16 (Reuters) - The CEO of bond giant PIMCO hailed the Federal Reserve's cut of its main U.S. interest rate target as low as zero as an "extremely bold policy response" but warned of possible unintended consequences.
Aggressive moves by the U.S. central bank could send the U.S. currency under tremendous pressure and could result in even further disarray in capital markets, Mohamed El-Erian told Reuters on Tuesday.