Prediction markets show minimal belief that Donald Trump will attempt to remove Federal Reserve Chair Jerome Powell by the end of August, despite the former president’s latest attack on Powell via Truth Social.
What Happened: According to decentralized prediction platform Polymarket, the likelihood of Trump trying to fire Powell by August 31 stands at just 6% as of Thursday.
A separate Polymarket contract tracking the broader possibility of Powell being out as Fed Chair by the end of 2025 sits at 12%, down 11 percentage points from earlier levels.
These market odds come on the heels of Trump’s renewed public tirade against Powell, triggered by the Fed’s recent decision to …