The Powell drama just went international. French Finance Minister Eric Lombard has issued a stark warning: removing Jerome Powell as Fed Chair could shatter global confidence in the U.S. dollar and trigger widespread economic turbulence. This is no longer just a U.S. issue — the world is watching. 🌍
Trump Turns Up the Heat 🔥
Former President Trump is doubling down, calling for Powell’s immediate ouster. His frustration with Powell’s handling of interest rates is no secret — and now he's saying the Fed Chair’s “termination can’t come soon enough.”
Legality in Question ⚖️
But can a president even fire the Fed Chair? That’s murky. Legally, Powell can only be removed “for cause,” and disagreements over policy might not be enough. A looming Supreme Court case could shift the balance of power over independent agencies like the Fed.
Markets Are Nervous 📉
Wall Street is jittery. Economists warn that Powell’s removal could spark a major sell-off, tank the dollar, and send economic shockwaves across the globe.
Warren Warns of Crash 🧠
Senator Elizabeth Warren is sounding the alarm, saying political meddling with the Fed could lead to a full-blown market collapse. She’s rallying others in defense of the Fed’s independence.
