El-Erian on why he believes Powell should resign to preserve Fed independence
CNBC Televisionยท2025-07-25 21:30
I want to debate this because I'm trying to get my arms around this notion that the Fed share should resign with the markets booming, the economy strong, credit calm, and the only potential issue has nothing to do at all with his own policy. He didn't put the tariffs in place. So why does it make sense that he should resign now.>> It's all about preserving the independence of the central bank. That is the guiding principle. Look, as you can imagine, I've discussed this with lots of people in markets, in the ...