Traders celebrating Powell’s end may be celebrating too early.
Because this story may not be about removal.
It may be about hidden power.
Chair gone? Maybe.
Fed Board until 2028? Also possible.
And that’s where things get dangerous.
Political chaos.
Fed credibility questions.
Market volatility explosions.
The face can disappear.
The influence can remain.
Powell may leave the spotlight.
But if he stays in the room, every market could still feel his shadow.
Don’t watch the headlines.
Watch who still controls the system.