Nobel laureate Daron Acemoglu: The institutional design of the Federal Reserve is collapsing.

Darren Asimoglu, an economics professor at the Massachusetts Institute of Technology and one of the winners of the 2024 Nobel Prize in Economics, recently stated in an interview with American media that the criminal investigation launched by the U.S. Department of Justice against current Federal Reserve Chairman Powell is "definitely an attack on the independence of the Federal Reserve." He warned that the Federal Reserve's role in the normal operation of the U.S. economy is crucial. This incident indicates that the institutional design of the Federal Reserve in the U.S. economy is currently "collapsing."