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The markets reacted. Trump was livid—said it felt “like getting kicked by a donkey!” But even then, he couldn’t push Powell out.

The bottom line:

The Fed holds enormous sway over the economy, and Powell made it clear:

“The more pressure, the stronger I stand.”

Internet reactions are priceless:

“Trump: Please resign! Powell: Nah.”

“The Fed Chair: Serving the economy, not the ego.”