Jerome Powell’s Exit Looms? Polymarket Bets Surge as Lawmaker Claims Ouster Is ’Imminent’
Fed Chair Jerome Powell's future hangs by a thread—and prediction markets are pricing it in real-time. Polymarket odds on his departure spiked after a Congresswoman dropped the 'imminent' bomb. Here's why traders are scrambling.
The political knife game
Washington's favorite bloodsport—Fed chair musical chairs—just got a fresh twist. No official timeline? No problem. Crypto degens are voting with their wallets, turning Powell's job security into the hottest altcoin of Q3 2025.
Market mechanics meet political theater
While DC insiders whisper about 'policy differences,' prediction markets are cutting through the noise. The real tell? How fast the smart money moved after that congressional mic drop—because nothing accelerates career obituaries like a well-timed political leak.
Bonus jab: Nothing boosts market liquidity quite like good old-fashioned Washington instability. Who needs economic fundamentals when you've got insider baseball and leveraged bets?
Luna does not serve on the House Financial Services Committee, which oversees the Federal Reserve.
The Florida 13th district representative serves on the House Oversight and Accountability Committee and Natural Resources Committee, and is a member of the House Freedom Caucus and Congressional Second Amendment Caucus.
President TRUMP has long wished to remove Jerome Powell, dating back to his first administration, but there would be significant legal challenges to removing him.
In 2019, the Brookings Institution prepared an analysis highlighting the 1935 Supreme Court case Humphreys' Executor v. United States, which blocked President Franklin Roosevelt from removing an FTC commissioner, as a key precedent supporting the Federal Reserve Act’s “for cause” removal protections.
The law, as it stands, only permits the removal of Fed governors only for inefficiency, neglect of duty, or malfeasance in office, not policy disagreements.
And perhaps that has resonated with Polymarket bettors. In the hours since Rep. Luna's post on X, the odds on the 'Yes' side have come back down to 25%.
Bitcoin traders dismissed the possibility entirely of Powell's removal, with BTC staying flat.
