$ETH $ETH President Donald Trump demands the resignation of Federal Reserve Chairman Jerome Powell. However, Powell, calm and composed, firmly refuses.
Trump, looking angry, shouts:
"Powell! Kneel down and write your resignation!"
Powell responds calmly:
"There’s no point in pleading—I’m not going anywhere."
Trump, trying to regain control, pleads:
"I’m asking you nicely!"
Powell replies with strong determination:
"No way. My role as Fed Chair is not something you can just take away."
The truth: The Fed Chair cannot be easily fired.
The Federal Reserve operates independently from the White House.