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Politics·Jerome Powell

Will Trump try to fire Powell as Fed Board Member by...?

icon for Will Trump try to fire Powell as Fed Board Member by...?
Politics·Jerome Powell

Will Trump try to fire Powell as Fed Board Member by...?

$15,670 Vol.

Dec 31, 2026
Polymarket

$15,670 Vol.

Polymarket

June 30

$8,306 Vol.

14%

December 31

$7,365 Vol.

32%

This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. 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.President Trump's explicit threats to remove Federal Reserve Chair Jerome Powell from the Board's seven-member governing body if he remains post-May 15, 2026—when Powell's chair term expires—have intensified trader focus on Fed independence and monetary policy continuity. On April 15, Trump stated in a Fox Business interview he would fire Powell absent voluntary departure, amid criticism of elevated interest rates hindering growth; Powell countered two days ago by affirming plans to stay through his 2028 board term, citing legal protections. The Senate Banking Committee advanced Kevin Warsh's chair nomination yesterday, while the DOJ dropped its Powell probe last week, easing one friction point. Markets price low attempt probability due to "for cause" removal statutes and prior court blocks on similar efforts, with May 15 as key catalyst potentially sparking action or escalation. Treasury yields and rate cut expectations hinge on resolution dynamics.

This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

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.
Volume
$15,670
End Date
Dec 31, 2026
Market Opened
Apr 16, 2026, 12:56 PM ET

Resolver

0x65070BE91...
This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. 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.
This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. 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.President Trump's explicit threats to remove Federal Reserve Chair Jerome Powell from the Board's seven-member governing body if he remains post-May 15, 2026—when Powell's chair term expires—have intensified trader focus on Fed independence and monetary policy continuity. On April 15, Trump stated in a Fox Business interview he would fire Powell absent voluntary departure, amid criticism of elevated interest rates hindering growth; Powell countered two days ago by affirming plans to stay through his 2028 board term, citing legal protections. The Senate Banking Committee advanced Kevin Warsh's chair nomination yesterday, while the DOJ dropped its Powell probe last week, easing one friction point. Markets price low attempt probability due to "for cause" removal statutes and prior court blocks on similar efforts, with May 15 as key catalyst potentially sparking action or escalation. Treasury yields and rate cut expectations hinge on resolution dynamics.

This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

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.
Volume
$15,670
End Date
Dec 31, 2026
Market Opened
Apr 16, 2026, 12:56 PM ET

Resolver

0x65070BE91...
This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. 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.

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Frequently Asked Questions

"Will Trump try to fire Powell as Fed Board Member by...?" is a prediction market on Polymarket with 2 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "December 31" at 33%, followed by "June 30" at 14%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 33¢ implies that the market collectively assigns a 33% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Will Trump try to fire Powell as Fed Board Member by...?" has generated $15.7K in total trading volume since the market launched on Apr 16, 2026. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Will Trump try to fire Powell as Fed Board Member by...?," browse the 2 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current frontrunner for "Will Trump try to fire Powell as Fed Board Member by...?" is "December 31" at 33%, meaning the market assigns a 33% chance to that outcome. The next closest outcome is "June 30" at 14%. These odds update in real-time as traders buy and sell shares, so they reflect the latest collective view of what's most likely to happen. Check back frequently or bookmark this page to follow how the odds shift as new information emerges.

The resolution rules for "Will Trump try to fire Powell as Fed Board Member by...?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.