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Business

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Top economist says two contenders to replace Fed Chair Powell stand out

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11 hours ago

Allianz chief economic advisor Mohamed El-Erian said Wednesday that he sees two of the contenders to replace Federal Reserve Chair Jerome Powell rise above the rest of the pack.El-Erian appeared on FOX Business Network's "The Claman Countdown" on Wednesday and said that BlackRock CIO of global fixed income Rick Rieder and former Fed Governor Kevin Warsh are his preferred picks to replace Powell, whose term as chair expires in May 2026."He's a great candidate for chair," El-Erian said of Rieder. "Him and Kevin Warsh have a really good understanding of the markets. They have experience. They're...

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11 hours ago
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