#TrumpVsPowell Trump vs Powell: Who is the boss? Trump asked Jerome Powell, chairman of the Fed, to resign. Powell refused. Why? Powell has a 14-year term and cannot be fired like that. The Fed is independent and follows the data, not trends. Key points: • Trump: "You’re fired!" • Powell: "Nice try." • The Fed remains strong, even in a storm. In summary: the economy is not just about tweets.