- Jerome Powell out from Fed Board by December 31?11¢
Jerome Powell remains on the Federal Reserve Board of Governors following the May 2026 conclusion of his chair term, with his statutory seat extending to January 2028. Recent closure of the Department of Justice probe into headquarters renovation cost overruns—now estimated near $2.5 billion—has removed a key legal overhang but intensified political pressure from the Trump administration, including public calls from National Economic Council Director Kevin Hassett for his resignation. This dynamic, alongside broader administration focus on monetary policy easing and Fed independence, shapes trader assessments of exit timing. Key upcoming factors include any Senate confirmation processes for new governors and Powell’s own statements on institutional continuity amid elevated Treasury yields and inflation data.
Rules
This market will resolve to “Yes” if Jerome Powell ceases to hold a position on the Federal Reserve Board of Governors for any period of time between this market's creation and the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. This market is not limited to Jerome Powell’s current position as chair of the Federal Reserve. If Jerome Powell ceases to be Chair of the Federal Reserve, but remains a member of the Federal Reserve Board of Governors, this will not qualify for a “Yes” resolution. The resolution source for this market will be information from the U.S. Government; however, a consensus of credible reporting will also suffice.