Crypto businessman Anthony Pompliano said US president Donald Trump should not follow his recent threat to fire the head of the US Federal Reserve, saying it will set a dangerous earlier – especially the real motive behind it.
“I do not believe that the President of the United States should enter and unilaterally fire the Fed President,” Pompliano Says In a video posted on X on April 18.
Firing the disagreement is a slippery slope, says Pompliano
Pompliano said, “Where you have a disagreement and then firing, I don’t think that’s really the place we want to enter.”
“The idea of feding chairman’s firing is a very bad earlier to set this way.”
It came after Trump brought him Social Media Platform Truth Social To accuse the Fed Chair Jerome Powell too slow to cute interest rates. “Powell’s termination can’t come quickly!” Trump said on April 17.
Pompliano explained that while the Fed was meant to work independently, he agreed with critics who argued that it was not really independent. “In my opinion, the Fed, is quite political, even if they pretend not,” he said.
Pompliano acknowledged his own criticism of the Fed, saying he was not exactly the fan, but emphasized that even though the Fed was wrong, responding to the kind was incorrect approach.
“I still think that just because other people are doing something wrong doesn’t mean you should do something wrong,” Pompliano said.
Senator Elizabeth Warren recently warned that if Later Trump Moving to Powell’s fire, it can ruin the investor’s confidence in the integrity of US capital markets and to compromise a financial crash.
“A big part of our economy is strong, and a big part of the world’s economy is strong, is the idea that large pieces are moving independently of politics,” Warren said in a look at the CNBC.
Related: Fed’s Powell Support for Stablecoin Law
Lower interest rates often lead to increased liquidity, which has historically led to higher prices of noticeable riskier assets such as Bitcoin and other cryptocurrencies.
It wasn’t long after Powell said that established a legal outline of Stablecoins was a “good idea.”
In an April 16 panel at the Chicago Economic Club, Powell said, “The climate is changing, and you are moving to the mainstreaming of that whole sector, so Congress is looking back (…) in a legal framework for Stablecoins.”
Magazine: Your AI ‘Digital Twin’ can take meetings and entertain your loved ones
