🇫🇷 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 could destabilize the dollar, spike debt costs, and trigger economic chaos—with global repercussions.
🔍 Key Points:
Trump’s tariffs (10% on EU goods) and threats to Powell are eroding dollar credibility, says Le Maire.
Bond markets could react violently, raising borrowing costs and hurting growth.
EU pushes back, calling tariffs "unsustainable" and urging CEOs to align with European interests.
💡 Why It Matters for Crypto?
Dollar weakness = potential boost for Bitcoin & gold as hedges.
Market uncertainty may drive demand for decentralized assets.
⚠️ Bottom Line: Political risks are rising—could crypto benefit?
#FederalReserveIndependence #TrumpVsPowell #PowellRemarks #fed