#TrumpVsPowell
Powell Holds the Line as Trump Demands Resignation — A Political Showdown Unfolds
Trump (furious): “Powell! Resign. Right now!”
Powell (calm, composed): “You don’t have the authority to fire me.”
Trump (pleading): “Come on—I’m begging you!”
Powell (unmoved): “Not going to happen.”
Here’s the real story:
Despite the spectacle, the President doesn’t have the power to dismiss the Federal Reserve Chair at will. The Fed Chair serves a fixed 14-year term and can only be removed under specific legal grounds—not through political pressure or presidential frustration.
Flashback to 2018:
Powell raised interest rates to combat inflation. The markets trembled. Trump erupted, comparing it to “getting kicked by a donkey.” Yet even then, Powell stood firm—and remained in office.
Why it matters:
The Federal Reserve operates independently to shield the economy from political swings. And Powell isn’t budging. His stance?
“The more pressure there is, the firmer I stand.”
The internet’s having a field day:
“Trump: Please resign! Powell: Nope.”
“Powell serves the economy—not egos.”
“Next time on Central Bank Showdown: Powell vs. Presidential Pressure!”