🚨Trump is about to write the biggest financial joke in American history: Fire Powell?

A financial earthquake and a bloodbath in the crypto market might really be coming.

Powell just went hawkish, and Trump immediately fired off tweets attacking him, declaring he wants to fire him! The question is — can the President of the United States really fire the Chairman of the Federal Reserve? It has never happened in history!

Even more ironic is that Powell was appointed by Trump himself back in the day. He complained that Yellen was too tough and replaced her with Powell, and now he’s complaining that Powell isn’t obedient.

Although Trump is already considering having Waller take over, this matter has caused a huge uproar within the White House. The law states that there must be 'just cause' to remove someone; mere disagreement in political views is simply not enough.

If he really goes through with it? That would be a legal drama that could go all the way to the Supreme Court. Moreover, even after firing him, the FOMC still has the power to re-elect Powell.

The scariest part is: if he really does fire him, the independence of the Federal Reserve would instantly collapse. In the short term, the market may get a temporary high, but what follows could be a loss of confidence, a plunge in the dollar, soaring interest rates, and a global credit downgrade.

What about the crypto market? A crash in U.S. stocks, Bitcoin’s strategic reserves becoming a joke, USDT's peg becoming unstable, and those who can’t escape will just wait to be harvested.

Remember this: if Trump really takes action, the rise is just the escape window. While there are still people willing to buy in, hurry up and get out, don’t look back!

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Conan (Golden Dog) C0nan adds:

It doesn’t rely on policies, doesn’t play with technology; the narrative is its core selling point! The only memecoin Trump endorses comes with its own heat and topics, and once the wind blows in its favor, its explosive potential should not be underestimated! Currently, it has attracted cooperation from three institutions and has strong momentum! If you still don’t have quality targets in hand, hurry up and get on board, Conan!