Just saw the community spreading rumors that the chair of the Federal Reserve, Jerome Powell, might be resigning, but there’s been zero official confirmation—this feels like pure hearsay. I heard they might hold an emergency meeting? But neither the Fed nor the government has come out to say anything, and it’s kind of baffling.

Jerome Powell is scheduled to give a speech this week, and people online are already speculating about who his successor might be. I checked Polymarket and similar prediction markets, and they only give a 12% chance of him stepping down—so it seems like most people don’t really believe this rumor. Trump even specifically said he has no plans to get rid of Powell before the end of his term, and Kevin Hassett also treated these claims as purely speculative.

What’s interesting is that so far there hasn’t been anything unusual on-chain or in the crypto market—it feels like the market is just watching for now. Do you believe this rumor?