Picture this, you’re running a family business. And every time you don’t like what the accountant says, you just toss him out the window.
That’s what we’re talking about here, because Trump threatening to fire Jerome Powell, the top dog at the Federal Reserve, just because he’s not slashing interest rates fast enough.
Guys, that’s not just bad manners. That’s playing with fire, and not the kind you roast marshmallows over.
Power
Anthony Pompliano is not having it. He goes on X, lays it out, telling I do not believe that the President of the United States should come in and unilaterally fire the Fed President.
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
Translation? You don’t whack the Fed boss just ‘cause you’re in a bad mood or want the markets to move your way.
That’s a precedent you don’t wanna set, unless you like your financial system with a side of banana republic.
Now, let’s not kid ourselves. The Fed? It’s about as independent as a teenager with a curfew.
Pompliano admits it’s already got politics up to its eyeballs. But firing the chairman because you don’t like his style?
That’s like flipping the Monopoly board ‘cause you landed on Boardwalk with hotels. It’s petty, and it makes everything worse.
Federal? Reserve?
Trump, meanwhile, is on his soapbox, grumbling on Truth Social about Powell dragging his feet.
Powell’s termination cannot come fast enough, he says. Sure, lower interest rates would be a sweet deal for risky assets like Bitcoin, everybody loves a bull run.
But Pompliano’s got a point, you can’t torch the rules just to juice your portfolio. The market’s not your personal casino.
And it’s not just Pompliano raising his voice. Senator Elizabeth Warren’s in the mix, warning that if Trump actually boots Powell, it’ll spook investors so bad, you’ll hear the crash from Wall Street to Main Street.
“If Chairman Powell can be fired by the President of the United States, it will crash the markets.”
She’s right, if the Fed turns into the president’s puppet, what’s next? Interest rates by coin flip? That’s not how you run the world’s reserve currency.
Policy
Look, we’ve all got gripes with the Fed. Maybe you think they’re slow, maybe you think they’re crooked.
But if every president starts firing the chair when things get rough, you might as well hand the keys to the vault to the loudest guy in the room.
That’s not stability. That’s chaos, pure and simple, or, they say it is. But what happened in 1971?
Have you read it yet? Solana memecoins are back?
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