In a departure from Wall Street consensus, prominent economist Mohamed El-Erian has called for Jerome Powell's resignation as Federal Reserve Chair. El-Erian, president of Queens' College at Cambridge University, believes Powell's resignation would be necessary to preserve the independence of the Federal Reserve. This stance highlights growing concerns about the Fed's credibility and the potential influence of political pressures on monetary policy decisions. El-Erian acknowledges his view is not widely held within the financial community.