BREAKING: Polymarket Bets Surge as Jerome Powell’s Exit Now ’Imminent’—Congresswoman Drops Bombshell

Fed Chair Jerome Powell's odds of getting the boot just skyrocketed—and Polymarket traders are piling in. A high-profile Congresswoman just lit the fuse, calling his departure 'imminent.'

Wall Street's favorite prediction market is flashing red. Powell's ouster contracts spiked 300% in 24 hours after the political bombshell. 'When DC whispers, crypto screams,' quipped one degenerate gambler—sorry, 'prediction market participant.'

The Fed's delicate dance with inflation just got a grenade tossed in. Powell's hawkish stance made him enemies; now the chickens might be coming home to roost. Meanwhile, crypto traders are doing what they do best—turning political chaos into leveraged betting opportunities.

Funny how these 'free markets' always seem to price in insider political moves before the public catches on. Almost like someone's trading on non-public information... but surely not in our pristine financial system.

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.