#TrumpVsPowell Powell stood his ground against Trump’s demand to resign—what a moment!
Trump shouted, “Powell! Resign now!”
Powell replied, calm as ever, “You can’t fire me like that.”
Trump pleaded, “Come on, I’m begging you!”
But Powell held firm: “Not happening.”
Here’s why this matters:
The President can’t directly fire the Fed Chair. The position comes with a 14-year term and removal requires formal steps—not public pressure.
Flashback to 2018: Powell raised interest rates, markets slipped, and Trump raged, calling it “like getting kicked by a donkey!” Yet, he couldn’t remove him.
The Fed holds immense financial power. Trump pushed, Powell stood tall: “The more pressure, the stronger I stand.”
