Federal Reserve chairman Jerome Powell should step down in order to protect Fed independence, according to Mohamed El-Erian.
El-Erian is the former chief executive of Pimco and Harvard University’s investment arm. He is currently president of Queen’s College in the U.K. and a columnist for Bloomberg.
“If Chair Powell’s objective is to safeguard the Fed’s operational autonomy (which I deem vital), then he should resign,” El-Erian said in a post on X on Tuesday.
Powell has been severely criticized in recent months by President Donald Trump, who has nickednamed the Fed chairman “Too Late” over his refusal to cut interest rates. In recent weeks…
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