#TrumpVsPowell
Anthony Pompliano opposes Donald Trump's threat to fire Fed Chairman Jerome Powell, warning that such action would weaken the Fed's independence and set a dangerous precedent. In a video on X on April 18, he emphasized that the U.S. central bank should not be politicized.
Pompliano responds to Trump's criticism of the Fed Chairman regarding interest rate cuts.
Pompliano reacted after Trump's April 17 post on Truth Social, criticizing Jerome Powell for not lowering interest rates quickly and calling for his dismissal.
Trump wrote: "The firing of Powell cannot happen fast enough!" raising concerns about political interference in monetary policy. Pompliano acknowledges that the Fed is viewed as politicized but argues that using executive power for retaliation is not the solution.
Pompliano believes that even if the Fed makes a mistake, retaliating with wrongful actions is not right. He criticizes the Fed but emphasizes the need to maintain the organization's independence. Low interest rates benefit Bitcoin and risky assets, but Pompliano asserts that institutional integrity should not be sacrificed for market interests.
Senator Elizabeth Warren warns that firing Fed Chairman Jerome Powell would undermine investor confidence and create market instability.
She emphasized to CNBC that if the president could fire Powell, the market would collapse, and America's economic strength depends on the independence of the Fed. Warren compares the president's unilateral adjustment of interest rates to the behavior of a dictatorship.
