Mohamed El-Erian Says Jerome Powell 'Should Resign' To Protect Fed's Independence As Trump Escalates Attacks Over 'Mission Creep'

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Noted economist Mohamed El-Erian suggested that Chairman Jerome Powell‘s resignation could be a strategic move to maintain the operational autonomy of the Federal Reserve.

What Happened: El-Erian took to X to state that the recent criticism from the U.S. government regarding the Federal Reserve’s “mission creep” and the effectiveness of its officials should prompt Powell to consider resigning. He noted that safeguarding the Fed’s operational autonomy is crucial and suggested that this objective could be achieved if Powell steps down.