Powell Stands His Ground as Trump Demands Resignation — What a Standoff!
Trump: “Powell, resign immediately!”
Powell (calmly): “That’s not how this works.”
Trump: “Come on, I’m literally begging!”
Powell: “Still not happening.”
Here’s the real story:
The U.S. President can’t just fire the Federal Reserve Chair on a whim. The Fed Chair is appointed for a 14-year term and can only be removed via formal legal processes — not presidential pressure or public tantrums.
Flashback to 2018:
Powell raised interest rates, markets tumbled, and Trump lost it — famously comparing it to “being kicked by a mule.” Still, Powell didn’t budge.
Moral of the story:
The Federal Reserve plays a critical role in managing the economy, and its independence is key. Trump may have pushed hard, but Powell stood firm:
“The more pressure I feel, the stronger my resolve.”
The Internet’s eating it up:
“Trump: Quit! Powell: Nah. Rinse, repeat.”
“The Fed: We serve the economy, not ego.”
“Next up: Powell vs. Presidential Pressure – Season 2?”
Fun Fact:
The Fed controls monetary policy — not the White House. Presidents can shout, but the central bank doesn’t blink.