The post Jerome Powell May Be Fired by Trump! Elizabeth Warren Predicts Market Crash appeared first on Coinpedia Fintech News
The crypto market in 2025 was supposed to boom, but reality hit differently. Bitcoin soared to $109K after Trump’s inauguration, only to crash back to earth as tariff fears and regulatory delays wiped out early gains. Now, as BTC struggles to hold the $84K level, Trump’s latest remarks about Federal Reserve Chair Jerome Powell have sparked fresh concerns.
“It Will Crash Markets”: Warren Slams Trump’s Powell Threat
Senator Elizabeth Warren, known for her sharp criticism of both Wall Street and the Federal Reserve, surprisingly stepped in to defend Powell, but only to a point. Speaking on CNBC, she made it clear that she still disagrees with Powell on many policies. However, she believes protecting the Fed’s independence is crucial for the health of the U.S. economy.
“If Chairman Powell can be fired by the president of the United States, it will crash markets,” Warren said bluntly from the New York Stock Exchange. Her main argument was that the central bank must operate free from political pressure. If it doesn’t, global investors could lose confidence in the U.S. system, comparing it to “any other two-bit dictatorship.”
Trump’s Truth Social Post Targets Powell,
On Thursday, Trump posted on Truth Social, calling Powell “always TOO LATE AND WRONG” and adding that his “termination cannot come fast enough.”
Although a senior White House official later clarified that Trump’s post wasn’t an official firing attempt, the tone alone sent shockwaves through markets and among lawmakers.
Powell has previously stated that a president cannot fire a Fed chair without cause, and no formal legal challenge has been made—yet.
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- Crypto Markets Slide as Powell Flags Stagflation Risks, Tariff Troubles; Warns of Tough Road Ahead
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Trump’s Tariff Games and Powell Pressure Could Shake Global Confidence
The Fed raised interest rates aggressively during Biden’s term to fight post-pandemic inflation, and while it began easing in 2024, Powell signaled recently that he’s not rushing more cuts, especially given the uncertainty surrounding Trump’s changing tariff plans. While Trump temporarily calmed markets with a 90-day pause on tariffs, once this window is over, this tariff mess can further crash the market. On the other side, if he tries to remove Powell, he might create further market instability, as warned by several senior senators.
Warren’s warning isn’t just political, it’s a call to preserve the foundations of the global economy. As markets remain sensitive to both Fed signals and political noise, any future interference from the White House could do more than shake up leadership; in the long run, it might shake global investor confidence to its core.
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