The entrepreneur at Crypto Anthony Pompoyliano says that US President Donald Trump should not follow his recent threat to the US Federal Reserve’s head, saying that he will put a dangerous precedent – especially given the real motivation behind him.
“I don’t think that the President of the United States should enter and unilaterally call the President of the Federal Reserve,” He said In a video posted on X on April 18.
Bucuru says
“You have a dispute and then shoot, I think this is not really the field we want to go.”
“The idea of launching the Federal Reserve Speaker is a very bad precedent to adjust it in this way.”
This comes after Trump took his social media platform to accuse Federal Reserve Chairman Jerome Powell of being very slow to reduce interest rates. “End Powell cannot come quickly enough!” Trump said on April 17.
PoxPyiano explained that although the Federal Reserve aims to work independently, it agrees with critics who argue that it is not really independent. He said: “I think the Federal Reserve is very distinguished, although they are pretending that it does not exist.”
PoxPyiano admitted his federal reserve system, saying that he is not fully fans, but he stressed that even if the federal reserve made errors, the response to this type is not the right approach.
“I still think it is just because another person is doing something wrong does not mean that you should do something wrong.”
American Senator Elizabeth Warren recently warned that if Trump ultimately moved to shooting Powell, he may undermine the investor’s confidence in the safety of US capital markets and lead to a financial collapse.
Warren said during his appearance on CNBC: “A large part of our economy is strong, and a large part of the global economy is strong, is the idea that large pieces are moving independently of politics,” Warren said during his appearance on CNBC.
Related to: Fed’s Powell Supporting Stablecoin Legislation
Low interest rates often increase liquidity, historically led to the high prices of the most dangerous assets such as Bitcoin and other encrypted currencies.
It was not long after Powell said that the creation of a stablecoins legal framework was a “good idea”.
In a committee on April 16 at the Chicago Economic Club, Powell said, “The climate is changing, and you move to more generalization in this sector, so he searches Congress again […] In a legal framework for stablecoins. “
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