Elizabeth Warren Warns of Market Crash if Trump Fires Fed Chair Powell
In an unexpected turn, Senator Elizabeth Warren—a frequent critic of both Wall Street and Federal Reserve Chair Jerome Powell—came to Powell’s partial defense this week.
Speaking live from the New York Stock Exchange, Warren warned that removing Powell could devastate global investor confidence.
“If Chairman Powell can be fired by the president of the United States, it will crash markets,” Warren said bluntly.
Though she maintains her disagreement with many of Powell’s policies, Warren underscored one key point: the Fed must remain independent from presidential influence. She compared the threat of politicizing monetary policy to running the U.S. like “any other two-bit dictatorship.”
Trump Blasts Powell as “Too Late and Wrong”
The controversy erupted after Donald Trump shared a scathing post, saying Powell is “always TOO LATE AND WRONG” and that his “termination cannot come fast enough.”
Markets reacted nervously to the statement, prompting concern among lawmakers and financial analysts. While a senior White House official later said there was no formal move to remove Powell, the message sent shockwaves through financial circles.
Political Pressure Raises Market Risks
This clash underscores a growing fear among investors: political interference in the Federal Reserve’s operations. Experts warn that even the suggestion of firing Powell could rattle markets and damage the U.S. dollar’s credibility on the global stage.
As Warren put it, “the world is watching”—and any perceived erosion of Fed independence could carry serious consequences.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
