The drama surrounding Fed Chair Jerome Powell just went global.
Here’s what’s happening — and why the world is watching.
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1. France Issues a Stark Warning
French Finance Minister Eric Lombard says removing Powell could shatter global confidence in the U.S. dollar and trigger worldwide economic fallout.
This isn’t just an American crisis anymore — it’s going international.
2. Trump Turns Up the Heat
Donald Trump is escalating pressure, saying Powell’s “termination can’t come soon enough.”
It’s the latest salvo in their long feud over interest rates and Fed policy.
3. Can a President Even Fire the Fed Chair?
Short answer: It’s unclear.
The law says the Fed Chair can only be removed “for cause” — not for policy disagreements.
But a key Supreme Court case might soon redefine presidential control over independent agencies.
4. Wall Street Is Rattled
Markets are on edge.
Experts warn that ousting Powell could:
Tank the stock market
Send the dollar plunging
Unleash global financial shockwaves
5. Warren Raises the Red Flag
Senator Elizabeth Warren is sounding the alarm:
“This move could devastate financial stability.”
She’s calling for urgent action to defend the Fed’s independence from political interference.
6. Why It Matters Globally
The U.S. dollar is the world’s reserve currency.
Destabilizing the Fed threatens global trade, debt markets, and international investments.
Confidence in the Fed = confidence in the dollar.
7. Political Chess Meets Economic Fallout
This isn’t just a political fight — it’s a high-stakes economic standoff.
With the world watching, the outcome could reshape how central bank independence is viewed worldwide.
8. Bottom Line
The battle over Jerome Powell has morphed into a global crisis risk.
If politics takes control of the Fed, the ripple effects could hit every market on Earth.
Watch this space.
