"Firing Fed Chairman Powell could lead to a loss of market confidence and a stock market crash," warns Senator Warren and Pompliano.

2025/04/21 19:20 (Updated 2025/05/08 15:03)
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Written by Naoko Koda
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"Firing Fed Chairman Powell could lead to a loss of market confidence and a stock market crash," warns Senator Warren and Pompliano.

A dangerous precedent

Cryptocurrency investor and entrepreneur Anthony Pompliano on the 18th made clear his opposition to President Trump's remarks hinting at the dismissal of Federal Reserve Chairman Powell, strongly criticizing them.

Pompliano explained that he believes the Federal Reserve System (FED) is not truly independent and is highly politicized, and that he himself is critical of the FED. Nevertheless, he emphasized that "the President of the United States should not unilaterally dismiss the FED chairman." He said that the idea of ​​dismissing the FED chairman due to differences of opinion would set a "very bad precedent" and should not be carried out.

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Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.