The post Firing Powell Could Set Dangerous Precedent and Harm Crypto, Warns Pompliano appeared on BitcoinEthereumNews.com.

Crypto investor Anthony Pompliano recently criticized President Trump’s recent threat to fire Fed Chair Jerome Powell, and warned that such a move would undermine the institutional independence of the Fed and set a bad precedent, particularly for Bitcoin, stocks and hurt the global confidence in US economy.  “I do not believe that the President of the United States should come in and unilaterally fire the Fed President,” he said. “The idea of firing the Fed chairman is a very bad precedent to set this way.” Why is the price of bitcoin flat? Should Trump fire Jerome Powell? Will The US lose reserve currency status? I answer your questions 👇 pic.twitter.com/S7Q6hANR3H — Anthony Pompliano 🌪 (@APompliano) April 18, 2025 Pompliano’s comments come after Trump called out Powell on his truth Social post for not cutting the interest rates soon, as he said “Powell’s termination cannot come fast enough!” He noted that the Fed already seems political to some and warned that firing Powell could only make things worse.  Not Sacrificing Fed Independence for Crypto Gains Anthony, despite being a known critic of the Fed himself, remarked that it’s wrong to fight wrongdoing with more wrongdoing. He stressed that protecting the Fed’s independence is more important than the short-term gains. While he acknowledged that rate cuts often boost crypto markets, especially Bitcoin, he emphasized that such gains shouldn’t come at the cost of damaging a key financial institution. Senator Warren Says It Could Crash Markets Senator Elizabeth Warren also warned that firing the Fed Chair could seriously hurt investor confidence and crash the markets. In an interview with CNBC, she said that if the Fed is seen as controlled by the President, then it could harm the US economy and make America look like any other “two-bit dictatorship” instead of a stable democracy.…

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Filed under: News - @ April 19, 2025 3:18 pm