In the meantime, Warsh, as official chairman, could try to speed Powell’s departure by making his life at the Fed uncomfortable: maybe take away his parking space and staff plus put his office in the basement. But the decision to leave would still be Powell’s until January 2028.
Based on Powell’s statements about trying to protect Fed “independence” from politics, preventing Trump from getting a board majority may be an ulterior motive for Powell to stay, which means the policy shifts supported by Warsh could be on the back burner for some time to come.
-Brian Wesbury, from here
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