I just saw the community spreading rumors that Federal Reserve Chair Jerome Powell is resigning? But there’s been no official confirmation at all—just a bunch of rumors flying around. It’s said that an emergency meeting might be called, but the Fed and the government haven’t said anything, so it feels a bit exaggerated.

Powell is expected to give a speech this week, and online people are already speculating about who will take over. I checked Polymarket’s prediction market, and the probability of his departure is only 12%, which suggests most people don’t really believe this rumor. Even Trump said he has no plans to fire Powell before the end of his term, and Kevin Hassett also dismissed these as mere speculation.

The most interesting part is that these rumors are everywhere, but there’s been no reaction at all in on-chain or crypto markets, and prices haven’t moved. It looks like the market is still very calm about this rumor.