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Fed Chair Powell's Alleged Resignation Rumored Without Confirmation
Key Points:* Rumors of Jerome Powell’s resignation circulate without formal validation.
With no evidence supporting the claim, market reactions have been muted, reflecting skepticism and awaiting official updates before taking significant positions.
Social Media Fuels Powell Resignation Speculation
Rumors about Jerome Powell’s potential resignation as Federal Reserve Chairman have proliferated across social media without official substantiation. The circulating claims allege an emergency meeting is imminent. At present, there is no evidence from the Federal Reserve or government to authenticate these reports. This rumor follows previous unconfirmed allegations about Powell that were similar to those debunked by historical sources.
Should this rumor be confirmed, leadership changes might occur within the Federal Reserve, potentially influencing U.S. monetary policy. No immediate on-chain activities or noticeable cryptocurrency price impacts have been linked to these hearsay claims. The Federal Reserve’s current interest rates and policies remain intact.
Market participants, including investors and regulatory observers, have reacted cautiously. Prediction markets such as Polymarket show a low confidence level in Powell’s exit, estimated at a 12% chance. Donald Trump, who initially appointed Powell, stated, “I do not intend to fire him (Powell) before his term expires,” while Kevin Hassett dismissed rumors of succession as mere speculation about being the front-runner.
Historical Context, Price Data, and Expert Analysis
Did you know? Rumors of Jerome Powell’s resignation echo previous unfounded claims from 2025, which were eventually debunked but highlighted the speculative nature surrounding U.S. Federal Reserve leadership.
Ethereum (ETH) is currently priced at $2,866.79, as per CoinMarketCap, with a market cap of $346.01 billion. ETH’s 24-hour trading volume reached $13.96 billion, marking a 10.25% change. The cryptocurrency has seen a price dip of 4.38% over 24 hours, but an increase of 2.89% over the past week. Significant price reductions are observed over 30, 60, and 90 days.