#TrumpVsPowell Resignation — What a Showdown!
Trump, shouting: “Powell! Resign now!”
Powell, cool as ever: “You don’t have the power to fire me.”
Trump, exasperated: “Come on, I’m begging you!”
Powell, unshaken: “Not gonna happen.”
Here’s the scoop:
The President can’t directly fire the Federal Reserve Chair.
Why? The Fed Chair serves a 14-year term and can only be removed through formal procedures—not presidential pressure or public outbursts.
Flashback to 2018:
Powell raised interest rates. The markets reacted. Trump was livid—said it felt “like getting kicked by a donkey!” But even then, he couldn’t push Powell out.