According to Reuters, Powell has said that U.S. law does not allow the president to remove him from office, and he will not resign voluntarily even if Trump asks for it, and plans to serve a full term as Federal Reserve chairperson until May 2026. In addition, Mr. Powell, who will serve until January 2028 as a member of the Fed's board of governors, also said this week that he thought it was unlikely that the cases currently before the US Supreme Court would apply to the Fed.