Crypto entrepreneur Anthony Pompliano has expressed strong opposition to U.S. President Donald Trump's threat to fire Federal Reserve Chair Jerome Powell. In a recent video, Pompliano argued that such an action would set a dangerous precedent, complicating the independence of the Federal Reserve. He noted the risk of creating a slippery slope where disagreements lead to firings, which could undermine the integrity of financial institutions. Trump criticized Powell for his reluctance to cut interest rates and has publicly called for Powell's termination. Pompliano, while agreeing the Fed is politicized, emphasizes that responding to perceived wrongs with negative actions is not a solution. U.S. Senator Elizabeth Warren has also voiced concerns, suggesting that firing Powell could damage investor confidence and lead to economic instability. Pompliano concluded that regardless of past mistakes by the Fed, it's critical to uphold the principle of independence in monetary policy.

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