Powell Should Resign, Mohamed El-Erian Says. Here’s Why.

Mohamed El-Erian, former Pimco CEO and current president of Queen’s College at Cambridge, tweeted on Tuesday, becoming one of the first mainstream market commentators to do so. In his tweet, El-Erian wrote that if “Chair Powell’s objective is to safeguard the Fed’s operational autonomy (which I deem vital), then he should resign.”

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