El-Erian Warns Federal Reserve's Independence Showing 'Worrisome Cracks' Due To Animosity Between Trump And Jerome Powell

2025-08-28 10:08:49

(MENAFN- AsiaNet News)

Chief economic advisor at Allianz, Mohamed El-Erian, on Thursday warned that the Federal Reserve's independence is beginning to show“worrisome cracks” as Fed Chair Jerome Powell continues to stay in his position despite a spate of public attacks by President Donald Trump.

In an opinion piece for Yahoo Finance, El-Erian observed that the attacks on the Fed as an institution have“broadened and deepened” since his suggestion in July that Powell should step down to protect the independence of the central bank.

Get updates to this story developing <directly on Stocktwits<.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

MENAFN28082025007385015968ID1109989151

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.