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Federal Reserve Credibility Crisis: How Will the Next Leader Restore Public Trust in the Central Bank?
【Blockchain Rhythm】 Allianz Chief Economist Mohamed El-Erian recently commented on the recent events involving Federal Reserve Chair Jerome Powell. He pointed out that this incident might pierce the surface and expose deeper structural issues, which will undoubtedly further damage the public’s trust in the Federal Reserve — a credibility foundation that is already quite fragile.
From the perspective of global financial stability, what is the most urgent task at present? El-Erian believes the answer is clear: the next Federal Reserve Chair must prioritize substantive reforms, only then can the central bank with the greatest global influence truly restore its normal operational capacity. After all, the Fed’s decisions not only impact the US economy but also directly influence global capital flows and asset prices. For investors concerned with macro trends, the systemic issues behind such events are worth deep reflection.