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Trump ramps up stimulus expectations ahead of midterm elections, Wall Street bets on cyclical stocks strengthening
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Opinion: Powell's investigation further undermines the Federal Reserve's public credibility, and his successor must implement necessary reforms.
BlockBeats News, January 12 — Allianz Chief Economic Advisor Mohamed El-Erian commented on the investigation into Federal Reserve Chair Jerome Powell: “The current situation may expose deeper issues, further undermining the already fragile public trust in the Federal Reserve. What is urgently needed now is for the new chairperson to be committed to implementing necessary reforms to restore the effective operation of the world’s most influential central bank.” (Jin10)