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.
