He is correct. Go read the laws about the formation of the Federal Reserve. It is a private not for profit company organized In Delaware. You can go to the Delaware Secretary of the state, Corporations Division and look it up for yourself. It is just like Federal Express or National Bank. Federal Reserve is just the name of a nonprofit company that is owned not by the people or the government but by private banks.
Thus Powell is not a civil servant Instead he is a civilian employee of a private company that has bylaws written that allow The President to name the Chairman. So Trump can name a new chairman when Powell's term is over…
All this changes when there is a crime comitted. Then you have merely a common criminal operating a non profit at national scale for their own benefit somehow. When that is the case then all of a sudden Powell and the FED can get fucked hard. There needs to be some crimes for this to really happen though.
This is where the Audit comes in. With the audit, crimes can be found and charges laid. The Government then arrests itself (lol lol yeah right) and then Ron Paul can be put in to close up shop.