US Senator Elizabeth Warren warned that if President Donald Trump attempts to fire Federal Reserve Chair Jerome Powell, it could severely undermine investor confidence and lead to a financial crash. During a CNBC appearance, Warren stated that the President does not possess the legal authority to remove Powell and expressed distrust in the President's adherence to legal norms. She emphasized that allowing political influence over interest rates would jeopardize the financial infrastructure of the US, comparing it to a dictatorship. Trump's previous calls to terminate Powell have fueled speculation about this possibility. Senator Rick Scott also supported Trump's stance, advocating for a complete overhaul of the Federal Reserve's leadership. Market analyst Anthony Pompliano noted the potential of politically motivated interventions to lower interest rates, which could alleviate ongoing market pressures amid economic challenges.

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