Trump firing Powell would be a ‘very bad precedent to set’ — Pompliano
Anthony Pompliano advises against US President Donald Trump firing Federal Reserve Chair Jerome Powell, arguing it would set a dangerous precedent. Pompliano emphasizes that firing based on disagreement could lead to negative consequences. Trump criticized Powell on social media for being slow to cut interest rates, expressing a desire for Powell's termination. Pompliano acknowledges the Fed's politicization but believes retaliatory actions are inappropriate. Senator Elizabeth Warren warns that such a move could undermine investor confidence and destabilize US capital markets. Lower interest rates typically increase liquidity, benefiting riskier assets like Bitcoin. Powell recently supported establishing a legal framework for stablecoins, indicating a shift towards mainstream acceptance in the financial sector.
