Recent political pressure from the Trump administration following the Federal Reserve Inspector General’s September 30 report—citing management deficiencies in the $2.4 billion headquarters renovation but no criminal misconduct or grounds for charges—has intensified calls for Jerome Powell to resign from the Board of Governors. Powell’s 14-year term runs through January 2028; he remained after his May 2026 chairmanship ended amid prior legal threats, citing institutional independence. White House economic adviser Kevin Hassett and President Trump have publicly urged his departure to restore precedent, while the Justice Department confirmed it will not reopen probes. These dynamics, alongside the Fed’s recent unanimous rate hike under Chair Kevin Warsh, shape trader views on near-term exit probabilities amid limited statutory removal options.