Trump firing Powell would be a ‘very bad precedent to set’ — Pompliano

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Coin Telegraph 6d ago

Trump firing Powell would be a ‘very bad precedent to set’ — Pompliano - Coin Telegraph

Quick Summary:

Crypto entrepreneur Anthony Pompliano says that US President Donald Trump shouldn’t follow through on his recent threat to fire the head of the US Federal Reserve, saying it would set a dangerous precedent — especially considering the true motive behind it.“I do not believe that the President of the United States should come in and unilaterally fire the Fed President,” Pompliano said in a video posted on X on April 18.

US Senator Elizabeth Warren recently warned that if Trump eventually moves to fire Powell, it could undermine investor confidence in the integrity of US capital markets and trigger a financial crash.“A big part of our economy strong, and a big part of the world economy strong, is the idea that the big pieces move independently of politics,” Warren said during an appearance on CNBC.

Anthony Pompliano made the remarks on his online show “From The Desk of Anthony Pompliano.” Source: Anthony Pompliano Pompliano explained that while the Fed is meant to operate independently, he agrees with critics who argue it’s not truly independent.“The Fed, I think, is highly politicized, even though they pretend not to be,” he said.