New York CNN —
The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege.
President Donald Trump’s relentless attacks on Federal Reserve Chair Jerome Powell are so intense that one prominent economist is raising eyebrows by arguing that Powell should quit to protect the central bank’s independence.
“The attacks on Chair Powell are now extending to the whole institution. The longer Powell stays in power, the more that process will continue, fundamentally threatening the independence of the Fed,” Mohamed El-Erian, the former CEO of bond giant PIMCO,
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