CoinWorld News reports that Allianz Chief Economic Advisor Mohamed El-Erian commented on the investigation into Federal Reserve Chairman Powell: "The current situation may expose deeper issues, further undermining the already fragile public trust in the Federal Reserve. Several months ago, I suggested that the chairman should resign to maintain the independence of the Federal Reserve, and at that time, I was concerned about this very scenario. What is urgently needed now is that the successor to the chairman must be committed to implementing necessary reforms to restore the effective operation of the world's most influential central bank."