#TrumpVsPowell đ´đ´Powell Stands His Ground as Trump Demands Resignation â What a Showdown!đ´đ´
Trump, shouting: âPowell! Resign now!â
Powell, cool as ever: âYou donât have the power to fire me.â
Trump, exasperated: âCome on, Iâm begging you!â
Powell, unshaken: âNot gonna happen.â
Hereâs the scoop:
The President canât directly fire the Federal Reserve Chair.
Why? The Fed Chair serves a 14-year term and can only be removed through formal proceduresânot presidential pressure or public outbursts.
Flashback to 2018:
Powell raised interest rates. The markets reacted. Trump was lividâsaid it felt âlike getting kicked by a donkey!â But even then, he couldnât push Powell out.
The bottom line:
The Fed holds enormous sway over the economy, and Powell made it clear:
âThe more pressure, the stronger I stand.â
Internet reactions are priceless:
âTrump: Please resign! Powell: Nah.â
âThe Fed Chair: Serving the economy, not the ego.â
âNext episode: Powell vs. Presidential Pressureâstay tuned!â