Mohamed El-Erian Calls on Federal Reserve Chair to Resign Immediately

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Economist Mohamed El-Erian has called for Federal Reserve Chair Jerome Powell to resign from his position to maintain the independence of the Fed.

In recent comments, Mohamed El-Erian discussed the American economic situation and the heated atmosphere between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell, stating that if Powell's goal is to protect the independence of the Fed (which is crucial and important), he should resign.

El-Erian explained his view, which differs from the prevailing opinion that leans towards Powell continuing to the end of his term, considering it the best possible scenario since the increasing threats will not stop but will escalate further with Powell remaining in his position.

El-Erian refers to the repeated verbal attacks from U.S. President Donald Trump, who has described the Federal Reserve Chair as a failure and very slow, usually intensifying his criticisms on the social media platform Truth.

Increasing pressure on the Fed and its monetary policies