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Powell's Odds of Stepping Down as Fed Governor by May 30 Drop to 9% in 24 Hours

GateNews
Prediction Market

According to Polymarket, the probability that Federal Reserve Chair Jerome Powell will step down as a Fed governor by May 30 plummeted to 9% on April 30, down 25% in 24 hours. The odds of him leaving by December 31 fell to 66%, down 11% in the same period. Powell stated this morning that he would continue serving as a Fed governor for “some time” after leaving his chair role, while U.S. Treasury Secretary Bessent said such a move would be “extraordinary” and at odds with Powell’s stated commitment to institutional norms.

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In-Depth Analysis

The Federal Reserve kept interest rates unchanged with a vote of 8 to 4; Bitcoin briefly fell below $75,000

Market Whisper04-30 01:08

Fed Maintains 3.5–3.75% With a 4-Vote Split: Powell’s Final Decision During His Tenure

ChainNewsAbmedia04-29 18:44

Powell will hold a press conference tomorrow morning. With it effectively certain that interest rates will not change, what should the market watch for in this Federal Reserve decision?

ChainNewsAbmedia04-29 01:54
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