#TrumpVsPowell In a dramatic standoff that feels straight out of a political thriller, former President Donald Trump demanded the resignation of Federal Reserve Chairman Jerome Powell. But Powell, calm and composed, flatly refused.
Trump, visibly furious, shouted:
"Powell! Get on your knees and write your resignation!"
Powell responded coolly:
"No use begging—I’m not going anywhere."
Trump, trying to regain control, pleaded:
"I’m asking you nicely!"
Powell shot back with firm resolve:
"Impossible. My role as Fed Chair isn’t something you can just take away."
The Truth: The Fed Chairman can’t be easily fired.
The Federal Reserve operates independently from the White House.
The Chairman serves a 14-year term.
The President cannot directly dismiss them—only apply political pressure or wait for official proceedings.
Flashback to 2018:
When Powell raised interest rates, the stock market took a nosedive. Trump, outraged, reportedly said:
"It’s like someone kicked me in the head by a donkey!"
Yet, even then, he had no legal authority to remove Powell.
President vs Federal Reserve: A High-Stakes Power Struggle
Many call the Fed’s authority the “financial nuclear button.” While Trump’s verbal attacks resemble political warfare, Powell remains unfazed:
"The more pressure you apply, the more unshakable I become.