Economist: Trump's Powell Rift Was Personal

Economist Mohamed El-Erian suggests that President Donald Trump's recent shift in tone regarding Kevin Warsh indicates a personal rather than structural disagreement with Federal Reserve Chair Jerome Powell. This observation stems from Trump's less critical stance on Warsh, a former Fed governor, which El-Erian interprets as evidence that the earlier public clashes with Powell were rooted in personal animosity. The analysis implies that the Federal Reserve's policy direction is unlikely to be fundamentally altered by these personal dynamics.