I just saw some intense rumors online, saying that Federal Reserve Chair Powell might resign, but upon checking, they are all just rumors, and the official sources haven't confirmed anything. Someone said an emergency meeting might be called, but the Fed and the government haven't said a word, it feels like the market is scaring itself.

The prediction market Polymarket gives only a 12% chance of Powell stepping down, indicating that most people still think it's unlikely. Trump also previously said he didn't plan to oust Powell before his term ends, and Haskett even joked about the succession rumors.

Interestingly, despite such big rumors circulating in the community, the on-chain and cryptocurrency prices haven't reacted much, suggesting the market isn't taking the resignation talk seriously at all. Not sure if everyone has seen through this as just baseless gossip, or if they're just waiting for Powell's speech on Tuesday to break the deadlock.