Polymarket Lowers Odds of Powell’s Fed Chair Removal – Coincu

BlockBeats News reports that the Polymarket prediction market has lowered the probability of Jerome Powell being removed as Fed Chair by 2025 to 13%.

This shift comes as U.S. President Donald Trump publicly supports Powell, decreasing the likelihood of his removal and stabilizing economic leadership expectations.

Polymarket Cuts Powell’s Removal Odds to 13%

Jerome Powell, as the current Fed Chair, remains secure in his position due to Trump’s recent public endorsement. Trump expressed no intention of removing Powell despite previous dissatisfaction about rate cuts, a statement made during SEC Chairman Atkins’ swearing-in ceremony. As Trump stated, “I have no intention to dismiss Fed Chair Powell.”

Polymarket’s data, indicating a drop in removal probability to 13%, highlights increased market confidence in Powell’s leadership. The assurance from the U.S. president has temporarily stabilized debates surrounding U.S. monetary policy.

The lowering of odds on Polymarket reflects positively on market sentiment. Although the Crypto Fear and Greed Index climbed to 72, increased optimism didn’t correlate with significant changes in token prices or liquidity. No direct impacts on DeFi tokens or stablecoins were observed in response to Trump’s remarks.

Stable Crypto Sentiment Despite Leadership Speculation

Did you know? Jerome Powell’s leadership continuity reduces speculation risk, a reminder of past cycles where rumors of Fed leadership changes led to increased market volatility.

Historically, speculation around Fed leadership has affected broader markets. However, Trump’s public backing of Powell helps temper concerns. The Crypto Fear and Greed Index, now at its highest in recent months, aligns with previous trends of market optimism following firm presidential endorsements of economic strategies.

While no dramatic price fluctuations were noted, the overall crypto sentiment leans positive with DeFi markets and digital asset industries showing a risk-on approach. Analysts anticipate continued market stability, contingent on consistent policy signals from U.S. leadership.

Trump’s crypto policy raises widespread attention and discussion amid these developments.