Hassett criticized Powell's continued tenure, framing the dispute as a battle over Federal Reserve Board seats. Powell's chair term ends but his Board term runs to January 2028; as long as he remains a governor the White House lacks an immediate vacancy to fill and the Board's voting balance cannot be quickly rewritten along political lines. That shifts market focus from 'who will be chair and when cuts come' to a slower institutional variable: how Board-term protections limit presidential contr

Hassett criticized Powell's continued tenure, framing the dispute as a battle over Federal Reserve Board seats. Powell's chair term ends but his Board term runs to January 2028; as long as he remains a governor the White House lacks an immediate vacancy to fill and the Board's voting balance cannot be quickly rewritten along political lines. That shifts market focus from 'who will be chair and when cuts come' to a slower institutional variable: how Board-term protections limit presidential control of the Fed and how future policy splits may hinge not just on rate forecasts but on whether Board seats can be reshaped.