#TrumpVsPowell President Donald Trump has recently intensified his criticism of Federal Reserve Chair Jerome Powell, demanding his resignation over disagreements on monetary policy. Despite the pressure, Powell remains steadfast, asserting that he will not resign if asked by the president. He emphasized that the law does not permit the president to fire or demote the Fed chair, reaffirming the Federal Reserve's independence from political influence [1] .

The Federal Reserve operates independently, with its chair serving a four-year term that can only be terminated "for cause," such as misconduct or incapacity—not merely policy disagreements. This legal framework ensures that monetary policy decisions are made based on economic considerations rather than political pressures [2] .

Trump's public demands for Powell's resignation have sparked discussions about the boundaries of presidential authority over independent agencies. While the president can express dissatisfaction, the legal and institutional safeguards surrounding the Federal Reserve's leadership make it unlikely that such demands will lead to immediate changes.