Anthony Pompliano Opposes Powell’s Firing, Warns of Political Fallout

Crypto entrepreneur Anthony Pompliano has vehemently opposed President Trump’s potential move to remove Jerome Powell from his position as Federal Reserve chairman. Pompliano argues that firing the Fed chair is a dangerous precedent and will only exacerbate political turmoil within financial markets. He contends that even if the Fed isn’t entirely independent, this action would set a negative example for future governance. Pompliano’s commentary comes after Trump criticized Powell for his slow response to lowering interest rates on social media.