France is raising red flags: French Finance Minister Eric Lombard has delivered a stark warning — if the U.S. proceeds with removing Federal Reserve Chair Jerome Powell, it could severely damage global confidence in the U.S. dollar and trigger worldwide economic turmoil. This is no longer just a domestic concern. 🌍
Trump ramps up pressure 🔥: Former President Donald Trump is intensifying his calls for Powell’s ousting, saying his removal “can’t happen fast enough.” Trump has long criticized Powell’s handling of interest rates and monetary policy.
Legal gray area ⚖️: It's unclear whether the President even has the authority to dismiss Powell. Legally, the Fed Chair can only be removed “for cause,” and differences over policy likely don’t qualify. A pending Supreme Court case could also redefine the limits of presidential power over independent agencies like the Fed.
Wall Street on high alert 📉: Markets are reacting nervously. Financial experts caution that forcing Powell out could spark a wave of investor panic — including stock market drops, a weakened dollar, and potential global financial shockwaves.
Warren raises the stakes 🧠: Senator Elizabeth Warren has issued a strong warning, saying political meddling in the Fed could set off a financial meltdown. She and other lawmakers are rallying to defend the central bank’s independence from political interference.
