š«š· France Warns: Firing Powell Could Crush Dollar & US Economy
French Finance Minister Bruno Le Maire issued a stark warning: If Trump ousts Fed Chair Jerome Powell, it couldĀ destabilize the dollar, spike debt costs, and trigger economic chaosāwith global repercussions.
šĀ Key Points:
TrumpāsĀ tariffs (10% on EU goods)Ā and threats to Powell areĀ eroding dollar credibility, says Le Maire.
Bond markets couldĀ react violently, raising borrowing costs and hurting growth.
EU pushes back, calling tariffsĀ "unsustainable"Ā and urging CEOs to align with European interests.
š”Ā Why It Matters for Crypto?
Dollar weakness =Ā potential boost for Bitcoin & goldĀ as hedges.
Market uncertainty may driveĀ demand for decentralized assets.
ā ļøĀ Bottom Line:Ā Political risks are risingācould crypto benefit?
#FederalReserveIndependence #TrumpVsPowell #PowellRemarks #fed