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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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  • Indian crypto exchange CoinDCX hacked, $44 million drained
  • Can XRP price reach $20? These charts say ‘full bull’ phase is still ahead
  • Crypto rules for mortgages must reflect self-custody reality
  • Russian government readies tougher rules for miners
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  • Spot Bitcoin ETFs gains $363M, extend 12-day inflow streak to $6.6B
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