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

cryptoweekly by cryptoweekly
April 19, 2025
in bitcoin, News
0

Anthony Pompliano agrees with critics claiming the Federal Reserve isn’t truly independent but says firing its chair will just make things worse.

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.

Pompliano said, “Where you have a disagreement and then the firing, I think that’s not really the area that we want to go into.”

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Recent Posts
  • Meta Pool hit with $27M exploit, but attacker flees with only $132K
  • JPMorgan, SEC meet to discuss capital markets moving onchain
  • SEC opens Franklin Templeton XRP, SOL ETF proposals to comments
  • US Senate passes GENIUS stablecoin bill in 68-30 vote
  • 25% Bitcoin price rally set to follow today’s correction if history repeats
  • JPMorgan pushes JPMD pilot on Base, says deposit tokens beat stablecoins
  • Ether price stable near $2.4K as crypto investors bet on long-term growth

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