The leading economist Mehamed El-Aprean disagrees with Wall Street and says Powell has to resign to maintain the Fed’s independence.

Mohammed El-Epian asked the US Federal Bank (FED) president, Jerom Powell, to resign voluntarily from his position in order to ensure the independence of the Central Bank, making his head of the Central Bank’s financial adviser.

“If President Powell’s goal is to safeguard the Fed’s operational autonomy, which I consider vital, then he should resign,” El-Erian said in a post on X.

El-Erian noted that he knows that his view is not in line with Wall Street’s common view, which Powell wishes to complete his term as president in May 2026. However, he acknowledged that Powell’s resignation would not be the “best” result.

However, he said that Powell’s resignation would be better than the current scenario, in which, he said, the Fed faces “growing and expanding threats” for its independence. El-Erian pointed out that these threats would probably increase if Powell remains president of the Fed.

These statements come at a time when US President Donald Trump and his advisers have intensified their attacks on Powell on Fed’s decision to maintain interest rates since December.

The head of the Fed has stated that the Trump plan to impose high duties has created financial uncertainty, pushing the bank to maintain interest rates unchanged, awaiting developments.