• 3 hours ago
Federal Reserve Chair Jerome Powell faced sharp criticism from prominent economist Mohamed El-Erian following a Dallas Chamber event Thursday, where Powell’s cautious stance on rate cuts triggered significant market movements.

What Happened: El-Erian, Chief Economic Advisor at Allianz, critiqued Powell’s performance on social media platform X, noting that the Fed chair “struggled with smart questions” and “confused the economics of different possible scenarios.”

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