The vague law overlapping with precedent support, Powell taking temporary control of the Federal Reserve after his term ends indeed "has a chance".

Federal Reserve Chairman Jerome Powell's term will end in May, but now the Trump administration is in a legal dispute with the Fed, increasing the possibility that the next chairman may not be confirmed by the Senate in time. In response to speculation from the public about what will happen in this situation, Powell announced last week that he intends to continue leading the Fed, citing legal and precedent reasons. "If my successor has not been confirmed before the end of my term, then I will serve as acting chairman until he is confirmed," Powell said at a press conference on March 18. "That's what the law requires. We have done this several times in the past, I have experienced it once, and this time we will do the same."