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The Coin Rise 2025-04-19 12:36:56

Pompliano Warns Against Firing Fed Chair Jerome Powell

Crypto advocate and investor Anthony Pompliano has voiced strong opposition to U.S. President Donald Trump’s recent suggestion to remove Fed Chair Jerome Powell, calling the move both risky and irresponsible. In a video posted to X on April 18, Pompliano said such an action could set a dangerous precedent, especially if driven by personal disagreement over monetary policy. “I do not believe that the President of the United States should come in and unilaterally fire the Fed President,” he stated firmly. The remark follows Trump’s Truth Social post in which he slammed Powell for being “too slow” in cutting interest rates and exclaimed, “Powell’s termination cannot come fast enough!” Pompliano, though often critical of the Fed himself, urged caution. “Just because somebody else is doing something wrong doesn’t mean that you should do something wrong,” he added, highlighting that while the Federal Reserve’s political neutrality is debatable, removing its head for policy misalignment could destabilize institutional trust. Slippery Slopes and Shaky Markets Pompliano emphasized that firing someone over a policy disagreement—especially in a role designed to function independently—sends the wrong signal. “The idea of firing the Fed chairman is a very bad precedent to set this way,” he said. His concerns are echoed by U.S. Senator Elizabeth Warren, who warned that such a move could erode investor confidence and potentially trigger market panic. “A big part of our economy being strong—and a big part of the world economy being strong—is the idea that the big pieces move independently of politics,” she said during a CNBC appearance. Such political meddling, analysts fear, could rattle traditional investors and also reverberate through the crypto markets. Historically, lower interest rates have buoyed risk-on assets like Bitcoin, which thrives in high-liquidity environments. But if trust in financial governance crumbles, even crypto could suffer whiplash . Crypto Still Watching the Fed—But for Different Reasons Interestingly, Powell recently acknowledged that the regulations for stablecoins may soon change . Speaking at an Economic Club of Chicago panel on April 16, he noted the “mainstreaming” of digital assets and the need for a legislative framework to match. While Trump and Powell may be clashing over monetary pace, the crypto world remains focused on how the Fed will influence the industry’s future—not just with rates, but with regulation. In the end, Pompliano’s message is clear: political overreach may win short-term points, but it could cost everyone in the long run. The post Pompliano Warns Against Firing Fed Chair Jerome Powell appeared first on TheCoinrise.com .

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