TechFlow news, January 12 — Mohamed El-Erian, Chief Economic Advisor at Allianz, commented on the investigation into Federal Reserve Chair Powell: "The current situation could reveal deeper issues and further undermine the Fed's already fragile public credibility. Months ago, I suggested the Chair should resign to preserve the Fed's independence, precisely due to concerns about such a scenario. What is urgently needed now is a successor who is committed to implementing necessary reforms to restore the effective functioning of the world's most influential central bank." (Jinshi)
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