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breaking News big fightđ„đ« #TrumpVsPowell Powell refuses Trumpâs demand to resignâwhat a showdown! Trump shouts: âPowell! Resign now!â Powell calmly replies: âYou canât fire me like that.â Trump pleads: âCome on, Iâm begging you!â Powell stays firm: âNot happening!â Hereâs the deal: The President canât directly fire the Fed Chair. Why? Because the Fed Chair serves a 14-year term and can only be removed through official proceduresânot just by yelling. Throwback to 2018: Powell hiked interest rates, markets dipped, and Trump was furiousâcalled it âlike getting kicked by a donkey!â But still, he couldnât force Powell out. Bottom line: The Fed holds major financial power. Trump pushed hard, but Powell didnât budge: âThe more pressure, the stronger I stand.â Internet's loving it: âTrump: Please quit! Powell: Nope! Loop continuesâŠâ âThe Fed: I answer to the economy, not the President!â âNext episode: âPowell vs Pressure!ââ Fun fact: The Federal Reserve runs the economyâs engine. The President may yell, but the Fed doesnât flinch.
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