Polymarket Odds on Jerome Powell's Ouster Jumps as Congresswoman Says It's 'Imminent'
A Florida Congresswoman's post on X has moved the market for bettors looking to speculate on the firing of Federal Reserve chair Jerome Powell. Anna Paulina Luna (R- Florida) claimed on the social media site that Powell's firing was 'imminent', but provided no further details, moving the 'yes' side of a related contract on Polymarket by 4 % up to 27%. Luna does not serve on the House Financial Services Committee , which oversees the Federal Reserve. The Florida 13th district representative serves on the House Oversight and Accountability Committee and Natural Resources Committee, and is a member of the House Freedom Caucus and Congressional Second Amendment Caucus. President Trump has long wished to remove Jerome Powell, dating back to his first administration , but there would be significant legal challenges to removing him. In 2019, the Brookings Institution prepared an analysis highlighting the 1935 Supreme Court case Humphreys' Executor v. United ...
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