Trump signals he’ll let Powell serve out his term
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Mohamed El-Erian and Jeremy Siegel think Jerome Powell's resignation would ultimately bolster the independence of the central bank.
The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege.
Besieged Federal Reserve Chairman Jerome Powell should resign, 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.
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"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told CNBC's Squawk Box.
HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.
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