Trump admin is likely trying to remove Powell before 2026 and then create a precedent to remove any Fed Chair they don’t like.

They recently filed an emergency application with the Supreme Court, challenging the precedent set by the 1935 case Humphrey’s Executor v. United States.

This precedent restricts the president’s ability to remove officials from independent federal agencies without cause. Trump’s legal team argues that such restrictions infringe upon the executive branch’s constitutional authority. While Powell is not named in this filing, a ruling in favor of the administration could set a precedent allowing the president to dismiss officials like the Fed Chair without cause.

I think all this means we end up with Hulk Hogan as fed chair.