Powell's 14-year term as a Federal Reserve governor runs through January 2028, giving him statutory protection against removal except "for cause," even after his chairmanship ended in May 2026 when Kevin Warsh took over. He has publicly committed to staying on the board to safeguard institutional independence amid Trump administration criticism over interest-rate policy and a headquarters renovation probe that the Justice Department declined to reopen in early October. Recent presidential calls for resignation have not altered this stance, and no vacancies or legal actions have materialized to force an exit. Market-implied odds reflect this stability, with traders assigning roughly 80% probability he remains in place through year-end given the high bar for involuntary departure and absence of new catalysts before the next FOMC meetings or potential 2027 policy shifts.