Traders Bet Against Fed Chair Jerome Powell’s Removal Despite Donald Trump’s Criticism

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In an utterly predictable turn of events, traders on Polymarket are placing their bets that Jerome Powell will not be thrown out of the Fed Chairmanship anytime soon—despite the ever-enthusiastic Donald Trump’s critiques. Trump, the ever-vocal advocate for lower interest rates (because who doesn’t love cheap money, right?), has been hounding Powell to cut rates to stoke the fires of the crypto market. But Powell, with all the grace of a haughty butler, has thus far resisted, insisting that it is *not yet* the time for a rate cut. How dare he? 💼

Traders Bet Against Donald Trump Removing Jerome Powell This Year

Polymarket’s fine data indicates that traders are currently betting that Trump’s wish to remove Powell from office will not be fulfilled this year. At present, there’s a mere 19% chance of Powell’s exit, based on the prediction platform’s data. One can only wonder if the remaining 19% are simply thrill-seekers hoping for an unholy spectacle. 📉

The odds of Powell being shown the door have dipped by 4% in the last 24 hours—perhaps the trading world has finally grown bored of the whole drama. Meanwhile, the Wall Street Journal has kindly reminded us that Trump has been privately toying with the idea of firing Powell for months. The President even had a chat with Kevin Warsh about the possibility, perhaps plotting his own personal version of the “Willy Wonka and the Fed Chair” sweepstakes. 🍿

On a rather charming note, Trump recently expressed his usual dissatisfaction with Powell, calling him “too late and wrong.” He also quipped that Powell’s exit could not come soon enough. Such warm words from a man who clearly holds Powell in the highest regard. Trump then went on to highlight that the European Union had already slashed interest rates for the seventh time—yet Powell, steadfast as ever, shows no sign of easing. One might almost believe that Powell is trying to out-stubborn the President himself. 🤔

After an engaging meeting with Italy’s Prime Minister Giorgia Meloni, Trump once again made pointed remarks about Powell, sparking fresh speculation about the Fed Chair’s imminent fate. Apparently, Trump’s repeated assertion that Powell would leave if he asked him to only heightened the melodrama. With such amicable gestures, one could almost mistake this for a highly dysfunctional workplace sitcom.

The White House, in its usual bureaucratic manner, has also confirmed that Trump is “studying” whether he has the legal power to remove Powell. Though Powell, ever the constitutional scholar, has firmly declared that Trump cannot legally boot him from his post. Someone pass the popcorn, please. 🍿

Significance Of This Development

As all true crypto aficionados know, whispers of Jerome Powell’s potential ousting are deeply significant for the crypto market. Bitcoin and its merry band of altcoins are, of course, more sensitive to monetary policy than to other tedious macroeconomic fundamentals. So, should Powell be ousted—or perhaps simply resign in dramatic fashion—some see this as a potential boon for the market. After all, Powell has made it abundantly clear that he’s not going to lower rates any time soon, which, as we know, is like tossing a wet blanket on any crypto fan’s dreams of soaring profits.

Meanwhile, market participants seem to have a soft spot for Kevin Warsh, who’s rumored to be a tad more “crypto-friendly.” However, a quick glance at Warsh’s past reveals that he once advocated for Central Bank Digital Currencies (CBDCs) and looked down upon private stablecoins. This, of course, is in direct opposition to Trump’s own executive order prohibiting the creation of a CBDC. Talk about a policy clash of the titans. 🏦

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2025-04-18 18:51