Opinion: Powell's investigation further undermines the Federal Reserve's public credibility, and the successor must implement necessary reforms

Golden Finance reports that Allianz Chief Economic Advisor Mohamed El-Erian commented on the investigation of Federal Reserve Chair Powell: the current situation may expose deeper issues, further weakening the already fragile public trust in the Federal Reserve. What is urgently needed now is that the next chair must be committed to implementing necessary reforms to restore the effective operation of the world's most influential central bank.