breaking News big fightđ„đ«
Powell refuses Trumpâs demand to resignâwhat a showdown!
Trump shouts: âPowell! Resign now!â
Powell calmly replies: âYou canât fire me like that.â
Trump pleads: âCome on, Iâm begging you!â
Powell stays firm: âNot happening!â
Hereâs the deal:
The President canât directly fire the Fed Chair.
Why? Because the Fed Chair serves a 14-year term and can only be removed through official proceduresânot just by yelling.
Throwback to 2018:
Powell hiked interest rates, markets dipped, and Trump was furiousâcalled it âlike getting kicked by a donkey!â But still, he couldnât force Powell out.
Bottom line:
The Fed holds major financial power. Trump pushed hard, but Powell didnât budge: âThe more pressure, the stronger I stand.â
Internet's loving it:
âTrump: Please quit! Powell: Nope! Loop continuesâŠâ
âThe Fed: I answer to the economy, not the President!â
âNext episode: âPowell vs Pressure!ââ
Fun fact:
The Federal Reserve runs the economyâs engine. The President may yell, but the Fed doesnât flinch.