Polymarket Odds on Jerome Powell’s Ouster Surge Following Congresswoman’s Claim

Betting markets reacted sharply to a social media post from Rep. Anna Paulina Luna (R-Florida), who suggested Federal Reserve Chair Jerome Powell's removal is 'imminent.' Polymarket's prediction contract for Powell's firing jumped 4 percentage points to 27% following the unsubstantiated claim.

Legal scholars point to significant barriers to removing a Fed chair, citing the 1935 Supreme Court precedent in Humphreys' Executor v. United States. The Federal Reserve Act permits removal only for 'inefficiency, neglect of duty, or malfeasance'—not policy disagreements.

Former President Trump's longstanding desire to replace Powell faces these legal hurdles. The market movement reflects speculative sentiment rather than concrete political developments, as Luna holds no position on committees overseeing the Fed.