#TrumpVsPowell
Powell refuses Trump's resignation request—what a showdown!
Trump shouts: “Powell! Resign now!”
Powell calmly replies: “You can't fire me like that.”
Trump pleads: “Please, I'm begging you!”
Powell firmly: “Not happening!”
Here's the deal:
The president cannot directly fire the Fed Chair.
Why? Because the Fed Chair serves a 14-year term and can only be removed through formal procedures—not just by shouting.
Looking back to 2018:
Powell raised interest rates, the market dropped, and Trump was furious—calling it “like being kicked by a mule!” But still, he couldn't force Powell out.
In summary:
The Fed holds significant financial power. Trump tried hard, but Powell did not budge: “The more pressure, the stronger I stand.”
The internet is loving this:
“Trump: Quit! Powell: No! The loop continues…”
“Fed: I answer to the economy, not the president!”
“Next episode: ‘Powell vs Pressure!’”
Fun fact:
The Federal Reserve runs the engine of the economy. The president can shout, but the Fed remains unflinching.