Top economist Mohamed El-Erian says Powell should resign to preserve Fed independence
1. Mohamed El-Erian calls for Powell's resignation to protect Fed's independence. 2. His view contrasts with Wall Street consensus favoring Powell's term completion. 3. El-Erian warns of growing threats to Fed's independence under Powell's leadership. 4. Further economic uncertainty is anticipated if Powell remains in office. 5. Trump's administration increases pressure on Powell regarding interest rate decisions.