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Pospiano warns that Trump pulling the Fed chair would put a dangerous precedent

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  • Crypto investor and entrepreneur Anthony Pose-Pose, has spoken out against the recent recent threat of former American president Donald Trump to dismiss the president of the Federal Reserve Jerome Powell, warning that such a decision would undermine the institutional independence of the Fed and would establish a dangerous precedent.

    In a video published on X on April 18, Potiano warned against the politicization of the American Central Bank.

    “I don’t think the President of the United States has come and unilaterally dismiss the president of the Fed,” he said. “The idea of ​​dismissing the president of the Fed is a very bad precedent to define in this way.”

    Pospiano responds to Trump’s criticisms of the Fed chair on rate reductions

    The comments of Potiano followed an article by Trump on his Truth Social platform on April 17, where the former president criticized Powell for not having reduced interest rates fairly quickly.

    “Powell’s termination cannot come quickly enough!” Wrote Trump, arousing a renewal of concerns about political interference in monetary policy.

    While recognizing that the Fed is already considered by many to be politicized, Poseliano insisted that the response through the implementation of the executive is not the solution.

    “Even if someone is doing something wrong, it doesn’t justify doing something wrong in return,” he said.

    Despite being a vocal critic of the Fed itself, Poseliano stressed the importance of preserving the operational independence of the institution.

    Lower interest rates are generally considered beneficial for risk assets such as Bitcoin, which often increases in more accommodating monetary environments.

    However, Pompliano stressed that the benefits of the market should not be done at the cost of institutional integrity.

    The crypto entrepreneur is not the only one to express his problem. Senator Elizabeth Warren has also warned that the elimination of Powell would damage investors’ confidence and could trigger broader instability on the market.

    Addressing CNBC, Warren said: “If President Powell can be dismissed by the President of the United States, he will crush the markets.”

    She added that American economic force depends on the perception of independence among key institutions like the Fed.

    “If interest rates in the United States are subject to a president who simply wants to wave his magic wand, that does not distinguish us from another two-bit dictatorship,” said Warren.

    Trump renews the pressure on the fed chair

    Trump has always put Powell on the rate policy since his mandate and has recently renewed calls for his withdrawal.

    Florida senator Rick Scott echoes these feelings, writing in an editorial of Fox News that the Fed needs a redesign of leadership focused on “the fight for the American people”.

    The last Fed reduced interest rates in December 2024, Powell saying repeatedly that he wanted convincing evidence to cool inflation before starting again.

    In comparison, the European Central Bank has already reduced its main rate three times so far in 2025, which is the source of Trump’s frustration.

    Despite all this uncertainty, there are those who argue that a decreased dollar could be advantageous for Bitcoin in the medium long -term.

    The founder of Real Vision, Raoul Pal, has long believed that a weaker green back encourages investors to try to preserve wealth thanks to alternatives like BTC.

    The Post-Pumpliano warns that Trump dismissed from the Fed chair would establish a dangerous precedent appeared first on Cryptonews.

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    post url: https://altcoin.observer/pospiano-warns-that-trump-pulling-the-fed-chair-would-put-a-dangerous-precedent/

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