Federal Reserve Chairman Jerome Powell rejected his resignation, but Powell refused.

Can Trump fire Powell?

No.

• The Federal Reserve Chairman serves a 14-year term.

• Removal requires "just cause" and a formal legal process, not a simple presidential order.

Why all the tension?

In 2018, Powell raised interest rates.

The markets declined.

Trump was furious, saying he felt like he was "kicked by a mule."

The importance of the matter: