US Senator Elizabeth Warren has cautioned that the potential dismissal of Federal Reserve Chair Jerome Powell by President Donald Trump could have severe repercussions on US capital markets, potentially leading to a financial crash. Warren emphasized that Trump lacks the legal authority to remove Powell and highlighted the detrimental impact such a move would have on the financial infrastructure of the country. The Senator expressed concerns that if Powell could be fired at the President’s discretion, it would destabilize the markets that rely on independence from political interference. Trump has been vocal about his desire to remove Powell, citing the chairman’s reluctance to decrease interest rates. Lower interest rates are generally viewed positively for asset prices, including cryptocurrencies, and could help alleviate market pressures from trade tensions and economic uncertainties. The ongoing feud between Trump and Powell has escalated, with Trump publicly criticizing the chairman for not cutting interest rates. Senator Rick Scott has also joined calls for Powell’s removal, advocating for Federal Reserve officials aligned with the administration’s economic goals. The Trump administration’s push for lower interest rates has raised speculation about deliberate market manipulation to achieve this objective. Market analysts have observed fluctuations in the yield of the 10-year US Treasury Bond, indicating potential market volatility. As the debate intensifies, the financial markets remain on edge over the implications of a possible showdown between Trump and Powell.<\/p>\n","protected":false},"excerpt":{"rendered":"
US Senator Elizabeth Warren has cautioned that the potential dismissal of Federal Reserve Chair Jerome Powell by President Donald Trump could have severe repercussions on US capital markets, potentially leading to a financial crash. Warren emphasized that Trump lacks the legal authority to remove Powell and highlighted the detrimental impact such a move would have […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/100838"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=100838"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/100838\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=100838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=100838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=100838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}