Polymarket Predicts Powell's Departure from Fed Chair

A new prediction market on Polymarket is speculating on when Jerome Powell will step down as Federal Reserve Chair. According to Odaily, the highest probability is for the week of June 6 to June 12, at 20%, followed by May 30 to June 5, at 18%. The contract rules specify that the market will settle based on the designated date range when Powell actually leaves the position. Announcements of resignation or dismissal alone do not meet the criteria, nor does the scheduled end of Powell's term. If Powell continues as interim chair until a successor is confirmed, he will not be considered to have vacated the position. The market is limited to Powell's tenure as Fed Chair, and his role as a regular member of the Federal Reserve Board will not affect the settlement. All dates are based on Eastern Time.