'It Will Crash the Markets': Elizabeth Warren Gives Dire Warning About Trump Firing Fed Chair

[BumRushDaShow]

Source: MEDIAite

Apr 17th, 2025, 4:24 pm


Sen. Elizabeth Warren (D-MA) sounded the alarm on Thursday as President Donald Trump threatened to fire Federal Reserve Chair Jerome Powell.

Legal experts have said that because the Fed is an independent body, the president cannot fire its chair. But that hasn’t stopped Trump from removing members of other independent agencies such as the Federal Trade Commission and the National Labor Relations Board.

On Wednesday, Powell reasserted the Fed’s independence, stating it’s “a matter of law.” “Powell’s termination cannot come fast enough!” Trump posted on Thursday. Hours later in the Oval Office, the president said Powell would leave if Trump told him to. Warren appeared on Thursday’s Squawk on the Street on CNBC and said flatly that Trump cannot legally fire Powell, but added a caveat.

“But this is a president who has shown himself willing to violate laws,” she said. “So, that obviously puts things a little more in play than we ever would have guessed. But I really want to make a pitch here for a second about the importance of Powell staying in his job… I have tangled with him on a regular basis about both regulations and interest rates. But understand this. If Chairman Powell can be fired by the president of the United States, it will crash the markets in the United States. The infrastructure that keeps this stock market strong and therefore a big part of our economy strong, and therefore a big part of the world economy strong, is the idea that the big pieces move independent of the politics, that somebody is making his, their, her best decisions economically and independently.”

Read more: https://www.mediaite.com/tv/it-will-crash-the-markets-elizabeth-warren-gives-dire-warning-about-trump-firing-fed-chair/

[intrepidity]

1. He'll do it just as a challenge. nt

[TheFarseer]

2. If he fires the Fed chair

The new guy will put interest rates to zero. Every retiree’s savings will earn zero. There’s no telling what would happen with the stock market. My guess is trade wars will still bring it down even with zero interest rates. Old people will be screwed along with the rest of us.

[raccoon]

19. Dah winnah!

[Rhiannon12866]

3. Sen. Elizabeth Warren warns Trump against firing Powell as Fed chair - CBS News

https://democraticunderground.com/132146651

[masmdu]

4. Powell should fire Trump

He has just as much ability to do so as Trump has to fire him

[Captain Zero]

6. Powell should call US MARSHALLS

And remain in his office.

[Bernardo de La Paz]

5. Warren was very impressive: every sentence incisive, clear, and on point. . . . nt

[multigraincracker]

7. Federal Judges next?

[Skittles]

8. Trump is drunk on fascist power

he wants - he NEEDS - only bootlickers and they have to serve HIM, not WE THE PEOPLE

[Paladin]

9. "...the idea that the big pieces move independent of the politics..."

Last edited Fri Apr 18, 2025, 09:56 AM - Edit history (1)

Perfectly stated by Sen. Warren---and a concept that trump clearly wouldn't ever understand.

[gilpo]

12. It was Sen. Warren of Massachusetts n/t

[Paladin]

14. Corrected, thanks.

That's what I get, for posting so damn early...

[C_U_L8R]

10. Isn't that his goal?

From chaos, profit. His motto.

[Javaman]

11. oh yes it will

as soon as he's gone, a toady will be put in place and immediately announce that the interest rate is zero. the dollar and the US economy will drop through the floor. US treasury bonds won't be worth the paper they are printed on.

the worlds holdings in the US bond market will collapse. depression.

if anything, since we are now in a recession, the rates should go up.

but, you know, the orange asshole...

[maxsolomon]

16. It's not only the Chair that makes the call.

The Fed Board votes on it I believe...

[Javaman]

17. won't matter.

the orange idiot will strong arm them all.

but once the head of the fed is gone, everything is in play.

[Ford_Prefect]

13. As much as Trump sees himself as White Emperor Adolph he's being fed all that BS by Miller, Musk, and a select group

who keep pushing him further and further towards complete fascism. He's empowered them to make it all happen and feed him the scripts to announce. No mistake that this is the horror show he wants it to be. After all he's only a dangerously paranoid Sociopathic Narcissist bent on punishing everyone else in the world for his own puerile gratification.

The House and Senate GOP know this but will do nothing to stop it, even though they are the ones who could. They appear to agree with where all this is going even as they obscure the truth they know, and pretend it isn't that bad, or won't be. They are in lock step with the Christo-Fascist regime whether they acknowledge it or not. They also enjoy watching the horror spread. They completely enabled it.

[Orrex]

15. Why doesn't he JUST. FUCKING. DIE. ALREADY?

[markodochartaigh]

18. Spoiler Alert:

After he crashes the markets Trump will hold a meeting in the Oval Office with his billionaire buddies who have made billions, just like he did last week after his dump and pump scheme.