On December 1, despite market rumors that Fed Chair Powell would announce his resignation at an emergency meeting scheduled for 7 PM Eastern Time on Monday, predictions on Polymarket indicate that the probability of “Powell stepping down as Fed Chair this year” is only 3%.
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Despite rumors that Powell will "resign," the market has not bet on his stepping down this year.
On December 1, despite market rumors that Fed Chair Powell would announce his resignation at an emergency meeting scheduled for 7 PM Eastern Time on Monday, predictions on Polymarket indicate that the probability of “Powell stepping down as Fed Chair this year” is only 3%.