#PowellRemarks The confrontation between Trump and Powell highlights the independence of the Federal Reserve and the limitations of presidential power.
💥The Standoff
🔹️Trump's Demand: Trump told Fed Chair Jerome Powell to resign.
🔸️Powell's Response: Powell refused, citing the independence of the Federal Reserve.
💥Why Powell Can't Be Fired❓️
🔹️14-Year Term: The Fed Chair serves a 14-year term, ensuring stability and independence.
🔸️Independent Decision-Making: The Fed makes decisions based on economic data, not political pressure.