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I think the article makes a good case why the difference in chair matters - ending forward guidance - confusing wording around what the target is now (pce vs “other stuff”) - The fact that he was appointed specifically to not raise rates

None of the applies to Mr. Powell whom the market seems to have put a great deal of trust in

Maybe I missed it, but did Walsh explicitly say it's tariffs and the war driving inflation? There's a reason Trump was fighting with Powell.

https://www.reuters.com/markets/us/powell-says-tariffs-keepi...

Jerome Powell would’ve communicated in a mealy mouthed and confusing way that was meant to appease Trump?

I’ve had quite enough of Trump’s “meritocracy”, personally.

I think the word you were looking for is "kakistocracy" - government by the worst, least qualified, or most unscrupulous people.