Reported about 23 hours ago
In a critical analysis, Mohamed El-Erian discusses the increasing threats to the Federal Reserve’s independence, particularly under the heightened political tension between President Trump and Fed Chair Jerome Powell. El-Erian argues that these dynamics undermine public trust in the Fed, citing attacks on both Powell and board member Lisa Cook, which could lead to a politicized board and weaken the institution's core principles. The situation suggests an urgent need for accountability and reform within the Fed to ensure its effectiveness amidst political pressures.
Source: YAHOO