- Pompliano warns that firing Powell threatens Fed independence.
- Warren says it could crash market confidence.
- Trump’s feud with Powell may impact Bitcoin.
Prominent crypto investor and entrepreneur Anthony Pompliano has issued a stern warning regarding U.S. President Donald Trump’s recent remarks suggesting he would fire Federal Reserve Chair Jerome Powell. Pompliano warned that such an action would undermine the Federal Reserve’s institutional independence and set a troubling precedent for future administrations.
In a video uploaded by Pompliano on April 18 on the social media platform X, he noted that he was concerned that the politicisation of the U.S. central bank is possible. He said, “I think the President of the United States shouldn’t be just firing out of the top of the team, the Fed president.” “It’s a very bad precedent to set this way and to fire the Fed chairman.”
These remarks by Pompliano follow Trump’s Truth Social post from April 17, in which the former president tore into Powell for not rolling out the interest rate cut relaxer sheets strongly enough.
Pompliano Rejects Executive Overreach at Federal Reserve
Pompliano admitted that perceptions of political bias in the Fed already exist, but he did not want to see executive overreach that would further damage the institutions. ‘It doesn’t matter when or if someone is doing something wrong, that doesn’t allow you to do something wrong in return,’ said Pompliano.
Even with his critical perspective on the Fed’s monetary policy, Pompliano stressed the necessity of keeping the central bank’s independent operational powers. While lower interest rates usually benefit risk-on assets like Bitcoin, often resulting in prices rising in looser monetary environments, he added that there are no excuses when it pertains to BTC’s institutional credibility.
He’s not the only figure speaking out in trepidation. Several senators, including one of Warren’s special interest congressional allies, Senator Elizabeth Warren, also warned against Trump’s remarks, saying they could severely damage investor confidence, sending the entire market into market instability.
Warren told CNBC in an interview Saturday, “If Chairman Powell can be fired by the President of the United States, it will crash the markets.” Notably, she highlighted the insinuation that
Trump Continues Longstanding Clash With Powell
America’s economic strength depended on the perceived independence of key institutions, such as the Federal Reserve. ‘And if the interest rates in the United States are the subject of a president who wants just to wave his magic wand, then this doesn’t distinguish us one trickle from any other two-bit dictatorship,’ Warren said.
Trump’s latest scolding of Powell is a long-running spat between the two. During his presidency, Trump also pressured Powell and the Fed over interest rate policy, and recent comments suggest he is still unhappy with Powell’s slow and steady approach.
Florida Senator Rick Scott chimed in with his support for a change at the Fed, professing in a Fox News op-ed that the institution should take a new direction, concentrating ‘on putting American people before Wall Street.’
The Federal Reserve last reduced interest rates in December 2024. Since then, Chair Powell has emphasized that if there is convincing evidence that inflation is cooling, only more cuts will be considered. Meanwhile, Trump complained that the European Central Bank had already cut its key interest rate three times in 2025 to combat the euro crisis.
However, Bitcoin fans say that weakening the U.S. dollar could be good for the crypto in the medium or long term. As Real Vision founder Raoul Pal has always stressed, when a soft dollar environment is in play, also entered by investors looking for a different store of value, Bitcoin usually becomes a favoured hedge.
