Fed Chair Jerome Powell confirmed on April 29, 2026, during his post-FOMC press conference that he will step down at the end of his term on May 15 but plans to remain on the Federal Reserve Board of Governors for an indefinite period, with his governor term running through January 2028. This follows the U.S. Department of Justice dropping a criminal probe into Fed headquarters renovation costs last week, easing tensions amid President Trump's public criticisms and threats of removal, which legal experts deem unlikely due to Fed independence statutes. Trump's nominee Kevin Warsh recently completed Senate confirmation hearings, positioning him as the likely successor if approved, with the transition hinging on Senate vote timing before the May deadline. No indications of early resignation exist, aligning trader consensus with the statutory term expiration.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$36,098 Vol.
May 16
89%
May 15
47%
May 31
97%
June 30
98%
$36,098 Vol.
May 16
89%
May 15
47%
May 31
97%
June 30
98%
Vacating his role refers to Powell actually ceasing to hold the position of Chair of the Federal Reserve Board of Governors. Announcements of resignations or firings will not alone qualify.
The scheduled end of Powell’s term as Chair will not alone qualify. If Powell continues to serve as Chair on a temporary basis (e.g. until the confirmation of his successor), he will not be considered to have vacated his role as Chair.
This market is restricted to Powell’s status as Chair of the Federal Reserve Board of Governors. Powell’s status as a regular member of the Federal Reserve Board of Governors will not affect this market’s resolution.
The primary resolution source for this market will be official information from Jerome Powell and the Federal Reserve; however, a consensus of credible reporting may also be used.
Market Opened: Apr 16, 2026, 12:55 PM ET
Resolver
0x65070BE91...Vacating his role refers to Powell actually ceasing to hold the position of Chair of the Federal Reserve Board of Governors. Announcements of resignations or firings will not alone qualify.
The scheduled end of Powell’s term as Chair will not alone qualify. If Powell continues to serve as Chair on a temporary basis (e.g. until the confirmation of his successor), he will not be considered to have vacated his role as Chair.
This market is restricted to Powell’s status as Chair of the Federal Reserve Board of Governors. Powell’s status as a regular member of the Federal Reserve Board of Governors will not affect this market’s resolution.
The primary resolution source for this market will be official information from Jerome Powell and the Federal Reserve; however, a consensus of credible reporting may also be used.
Resolver
0x65070BE91...Fed Chair Jerome Powell confirmed on April 29, 2026, during his post-FOMC press conference that he will step down at the end of his term on May 15 but plans to remain on the Federal Reserve Board of Governors for an indefinite period, with his governor term running through January 2028. This follows the U.S. Department of Justice dropping a criminal probe into Fed headquarters renovation costs last week, easing tensions amid President Trump's public criticisms and threats of removal, which legal experts deem unlikely due to Fed independence statutes. Trump's nominee Kevin Warsh recently completed Senate confirmation hearings, positioning him as the likely successor if approved, with the transition hinging on Senate vote timing before the May deadline. No indications of early resignation exist, aligning trader consensus with the statutory term expiration.
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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