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Knocking noise in engine on 2004 Jeep Liberty

My 2004 jeep liberty has a flashing check engine light and there is a knocking noise prevalent when pressing the gas pedal. Power is lower. I can also "feel" the knock in the gas pedal. Any ideas?

Asked by for the 2004 Jeep Liberty
tow it to shop to avoid additional expense.
2 more answers
TOW........flashing check engine light means damage to catalytic converter(s) along with other internal engine parts , but from your description , it sounds like the damage is done. Good luck.
Must be inner engine problem,got to drive it to shop to get opinion ,check the oil...