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Powell rejects Trump's resignation demand—what a confrontation!

Trump shouts: “Powell! Resign now!”

Powell calmly responds: “You can't fire me like that.”

Trump pleads: “Come on, I'm begging you!”

Powell stands firm: “It's not going to happen!”

Here's the deal:

The President cannot directly fire the Chairman of the Federal Reserve.

Why? Because the Chairman of the Federal Reserve has a 14-year term and can only be removed through official procedures—not just by yelling at him.