Opinion: Powell's Confirmation Hearing Further Undermines Fed's Public Trust, Successor Must Lead Necessary Reforms

BlockBeats News, January 12, Allianz's Chief Economic Advisor Mohamed El-Erian commented on the investigation of Federal Reserve Chairman Powell, saying: The current situation may expose deeper issues, further weakening the already fragile public trust in the Fed. What is urgently needed now is for the incoming Chairman to be committed to implementing necessary reforms to restore the effective operation of the world's most influential central bank. (FX678)