Wheels
AH ambassador
thats a pretty high bar to get over.. he can only be terminated for cause.. and "for cause" is limited to just a couple of reasons such as malfeasance or neglect.. those sort of accusations are only going to result in a court case, which would take longer to resolve than the amount of time Powell has left in his term... (his term ends May of next year)... unless he steps down (doubtful), I think Powell is just going to ride things out..in 1935 the SCOTUS determined that the chair cannot be fired "at will" like other government officials can be.. and policy disputes with POTUS have already been determined to not qualify as a "for cause" argument for termination..
The larger issue with Powell is when he leaves the Chair position, he still has term left on his board of governors position (he doesnt expire there until 2028)... My guess is he will leave the board of governors as soon as his chair time is up.. the new Chair (whoever that might be) will be hand selected and will go out of their way to hammer Powell at every juncture.. if he wants any reputation left intact, he'll just step down and go sit on the board of directors of a handful of fortune 500 companies for the rest of his days..
That said, Powell has a monster ego and is also stoic.. he may just stick around out of what he believes is principle and do everything in his power to evoke his will if for no other reason than spite.. hes made it pretty clear that he doesnt really care what people like Bessent, Lutnick, or Trump think or want.. hes going to do his own thing.. and they can kiss his ass if they dont like it..
From things mentioned by the administration in the past week, it looks like they are targeting Powell for the boondoggle that is the 2.5b upgrade of the Federal Reserve building that is lavish and way over budget.
Not sure if it will work as malfeasance but that seems to be the test flag they are raising currently.