Firing Powell Could Set Dangerous Precedent and Hurt Crypto, Warns Pompliano

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Crypto investor Anthony Pompliano recently criticized President Trump’s recent threat to fire Fed Chair Jerome Powell, and warned that such a move would undermine the institutional independence of the Fed and set a bad precedent, particularly for Bitcoin, stocks and hurt the global confidence in US economy. 

“I do not believe that the President of the United States should come in and unilaterally fire the Fed President,” he said. “The idea of firing the Fed chairman is a very bad precedent to set this way.”

Why is the price of bitcoin flat? Should Trump fire Jerome Powell? Will The US lose reserve currency status?

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