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An interesting situation is developing on social media. There are rumors about Powell's resignation, but no official confirmation. Just a wave of speculation that periodically rises in the crypto community and on financial forums.
According to the information I've seen, they talk about an emergency meeting, but neither the Fed nor the government have confirmed this information. A typical market situation — the rumor heats up, and then it turns out to be just air.
Powell is scheduled to give a speech on Tuesday, and here’s where it gets really interesting. Discussions have already begun about who could take his place if something happens. Speculation on speculation.
What does the market show? On the Polymarket platform, the probability of Powell leaving is estimated at only 12%, which indicates that no one takes this seriously. Trump even stated that he does not plan to fire Powell before the end of his term. Kevin Hasset called these rumors about successors just speculation, and I agree with him.
Cryptocurrencies hardly react to these rumors. No significant movements are visible in the blockchain or in prices. The market is simply waiting to see what Powell says on Tuesday and will base its actions on his words, not on rumors from the internet.