Ditching Powell = $1 Trillion Meltdown?

Crypto investor and entrepreneur Anthony Pompliano is sounding the alarm on what he sees as a dangerous idea gaining traction—firing Federal Reserve Chair Jerome Powell.

In a video posted on X (formerly Twitter) on April 18, Pompliano pushed back against calls from former President Donald Trump, who recently demanded Powell’s removal over what he called a failure to cut interest rates fast enough.

“Powell’s termination cannot come fast enough,” Trump wrote on Truth Social, accusing the Fed of hurting the economy.

Pompliano didn’t mince words:

“The idea of firing the Fed chairman over a policy disagreement? That’s a really bad precedent.”

His point? If the President starts ousting central bank leaders based on political preferences, markets could lose faith in one of the world’s most important financial institutions.

Why This Could Crash the Market

Firing Powell, or any Fed Chair, is about more than one person—it’s about the perception of U.S. financial stability. And when that perception cracks, money moves—fast.

Senator Elizabeth Warren echoed this on CNBC, warning that such a move could shake global investor confidence and even crash:

“A big part of keeping our economy strong is that key institutions stay independent of politics.”

Pompliano agreed. Here’s what he says is at risk:

• Undermining trust in the Fed’s independence

• Scaring global markets, particularly those tied to the dollar

• Setting a “slippery slope” precedent for future political interference

Imagine the fallout if investors suddenly believe U.S. monetary policy is being controlled by political pressure rather than economic data. We’ve seen what panic can do—and this could wipe trillions off global markets.

What It Means for Crypto and the Economy

Interestingly, this debate comes at a time when the Fed is more entangled with crypto policy than ever.

Earlier this week, Powell called for clear legal frameworks for stablecoins, saying digital assets are now on the Fed’s radar. “The climate is changing,” he said, referencing crypto’s role in the financial system during a speech at the Economic Club of Chicago.

Pompliano has criticized the Fed’s monetary strategy before, but even he draws the line at retaliatory politics:

“Just because someone else does something wrong doesn’t mean you should too.”He’s saying it could backfire—big time—not just for the dollar, but for Bitcoin, stocks, and global confidence in the U.S. economy.

Bottom Line: Trust Is the Real Currency

Whether you like Powell or not, Pompliano’s point is simple: protect the institution, not the individual. In a world already on edge over inflation, tariffs and geopolitics, the U.S. can’t afford to blow one of its few remaining stable things up.

Fire Powell and you may not just lose a Fed Chair—you could lose a trillion.