President Trump's public threats to remove Jerome Powell from the Federal Reserve Board of Governors intensified in April 2026 around the end of Powell's chair term on May 22, with statements that he would fire Powell if he remained on the board past that point. An ongoing Department of Justice investigation into Federal Reserve headquarters renovations has continued as a potential basis for "for cause" removal, following similar efforts against other governors. Powell's board term runs until January 2028, and statute requires cause for dismissal while protecting independence from policy disputes. Traders weigh these legal constraints, Senate dynamics for any successor, market sensitivity to central bank independence, and the absence of further public escalation since the May transition to Chair Kevin Warsh. Upcoming factors include any court rulings or new administration actions that could test removal authority.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedWill Trump try to fire Powell as Fed Board Member by...?
$26,328 Vol.
August 31
14%
September 30
14%
December 31
14%
$26,328 Vol.
August 31
14%
September 30
14%
December 31
14%
Statements which are contingent (e.g. “Powell must step down”), statements of intent (e.g.“I am planning to fire Powell”) or other informal statements which are not unequivocal will not qualify.
If Jerome Powell resigns or otherwise formally departs his role as a member of the Federal Reserve Board of Governors prior to a qualifying action, this market will immediately resolve to "No".
Attempts to remove Powell from his role as chair of the Federal Reserve Board of Governors, which do not include removing Powell as a member of the Federal Reserve Board of Governors, will not alone qualify.
The resolution source will be official information from Donald Trump; however, a consensus of credible reporting may also be used.
Market Opened: Jul 31, 2026, 5:47 PM ET
Resolver
0x65070BE91...Statements which are contingent (e.g. “Powell must step down”), statements of intent (e.g.“I am planning to fire Powell”) or other informal statements which are not unequivocal will not qualify.
If Jerome Powell resigns or otherwise formally departs his role as a member of the Federal Reserve Board of Governors prior to a qualifying action, this market will immediately resolve to "No".
Attempts to remove Powell from his role as chair of the Federal Reserve Board of Governors, which do not include removing Powell as a member of the Federal Reserve Board of Governors, will not alone qualify.
The resolution source will be official information from Donald Trump; however, a consensus of credible reporting may also be used.
Resolver
0x65070BE91...President Trump's public threats to remove Jerome Powell from the Federal Reserve Board of Governors intensified in April 2026 around the end of Powell's chair term on May 22, with statements that he would fire Powell if he remained on the board past that point. An ongoing Department of Justice investigation into Federal Reserve headquarters renovations has continued as a potential basis for "for cause" removal, following similar efforts against other governors. Powell's board term runs until January 2028, and statute requires cause for dismissal while protecting independence from policy disputes. Traders weigh these legal constraints, Senate dynamics for any successor, market sensitivity to central bank independence, and the absence of further public escalation since the May transition to Chair Kevin Warsh. Upcoming factors include any court rulings or new administration actions that could test removal authority.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated



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