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Politics·Jerome Powell

Will Trump try to fire Powell as Fed Board Member by...?

icon for Will Trump try to fire Powell as Fed Board Member by...?
Politics·Jerome Powell

Will Trump try to fire Powell as Fed Board Member by...?

$26,402 Vol.

Aug 31, 2026
Polymarket

$26,402 Vol.

Polymarket

August 31

$106 Vol.

12%

September 30

$34 Vol.

14%

December 31

$8,476 Vol.

10%

This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, between market creation and the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. Statements which are contingent (e.g. “Powell must step down”), statements of intent (e.g.“I am planning to fire Powell”) or other informal statements which are not unequivocal will not qualify. If Jerome Powell resigns or otherwise formally departs his role as a member of the Federal Reserve Board of Governors prior to a qualifying action, this market will immediately resolve to "No". Attempts to remove Powell from his role as chair of the Federal Reserve Board of Governors, which do not include removing Powell as a member of the Federal Reserve Board of Governors, will not alone qualify. The resolution source will be official information from Donald Trump; however, a consensus of credible reporting may also be used.This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. Statements which are contingent (e.g. “Powell must step down”), statements of intent (e.g.“I am planning to fire Powell”) or other informal statements which are not unequivocal will not qualify. If Jerome Powell resigns or otherwise formally departs his role as a member of the Federal Reserve Board of Governors prior to a qualifying action, this market will immediately resolve to "No". Attempts to remove Powell from his role as chair of the Federal Reserve Board of Governors, which do not include removing Powell as a member of the Federal Reserve Board of Governors, will not alone qualify. The resolution source will be official information from Donald Trump; however, a consensus of credible reporting may also be used.President Donald Trump has repeatedly criticized former Fed Chair Jerome Powell for resisting aggressive rate cuts during his second term, issuing public threats to remove him from the Board of Governors after his chairmanship ended in May 2026. Powell remains a governor until January 2028. Legal constraints require “for cause” removal under Supreme Court precedent, with a June 2026 ruling reinforcing procedural protections for Fed officials. Trump has since stated he has no current plan to fire Powell, shifting focus to other governors such as Lisa Cook amid renewed allegations and ongoing pressure for lower rates under new Chair Kevin Warsh. Upcoming FOMC meetings and inflation data releases could influence any renewed efforts targeting board composition.

This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, between market creation and the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

Statements which are contingent (e.g. “Powell must step down”), statements of intent (e.g.“I am planning to fire Powell”) or other informal statements which are not unequivocal will not qualify.

If Jerome Powell resigns or otherwise formally departs his role as a member of the Federal Reserve Board of Governors prior to a qualifying action, this market will immediately resolve to "No".

Attempts to remove Powell from his role as chair of the Federal Reserve Board of Governors, which do not include removing Powell as a member of the Federal Reserve Board of Governors, will not alone qualify.

The resolution source will be official information from Donald Trump; however, a consensus of credible reporting may also be used.
Volume
$26,402
End Date
Jan 1, 2027
Market Opened
Jul 31, 2026, 5:47 PM ET

Resolver

0x65070BE91...
This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, between market creation and the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. Statements which are contingent (e.g. “Powell must step down”), statements of intent (e.g.“I am planning to fire Powell”) or other informal statements which are not unequivocal will not qualify. If Jerome Powell resigns or otherwise formally departs his role as a member of the Federal Reserve Board of Governors prior to a qualifying action, this market will immediately resolve to "No". Attempts to remove Powell from his role as chair of the Federal Reserve Board of Governors, which do not include removing Powell as a member of the Federal Reserve Board of Governors, will not alone qualify. The resolution source will be official information from Donald Trump; however, a consensus of credible reporting may also be used.
This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, between market creation and the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. Statements which are contingent (e.g. “Powell must step down”), statements of intent (e.g.“I am planning to fire Powell”) or other informal statements which are not unequivocal will not qualify. If Jerome Powell resigns or otherwise formally departs his role as a member of the Federal Reserve Board of Governors prior to a qualifying action, this market will immediately resolve to "No". Attempts to remove Powell from his role as chair of the Federal Reserve Board of Governors, which do not include removing Powell as a member of the Federal Reserve Board of Governors, will not alone qualify. The resolution source will be official information from Donald Trump; however, a consensus of credible reporting may also be used.This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. Statements which are contingent (e.g. “Powell must step down”), statements of intent (e.g.“I am planning to fire Powell”) or other informal statements which are not unequivocal will not qualify. If Jerome Powell resigns or otherwise formally departs his role as a member of the Federal Reserve Board of Governors prior to a qualifying action, this market will immediately resolve to "No". Attempts to remove Powell from his role as chair of the Federal Reserve Board of Governors, which do not include removing Powell as a member of the Federal Reserve Board of Governors, will not alone qualify. The resolution source will be official information from Donald Trump; however, a consensus of credible reporting may also be used.President Donald Trump has repeatedly criticized former Fed Chair Jerome Powell for resisting aggressive rate cuts during his second term, issuing public threats to remove him from the Board of Governors after his chairmanship ended in May 2026. Powell remains a governor until January 2028. Legal constraints require “for cause” removal under Supreme Court precedent, with a June 2026 ruling reinforcing procedural protections for Fed officials. Trump has since stated he has no current plan to fire Powell, shifting focus to other governors such as Lisa Cook amid renewed allegations and ongoing pressure for lower rates under new Chair Kevin Warsh. Upcoming FOMC meetings and inflation data releases could influence any renewed efforts targeting board composition.

This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, between market creation and the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

Statements which are contingent (e.g. “Powell must step down”), statements of intent (e.g.“I am planning to fire Powell”) or other informal statements which are not unequivocal will not qualify.

If Jerome Powell resigns or otherwise formally departs his role as a member of the Federal Reserve Board of Governors prior to a qualifying action, this market will immediately resolve to "No".

Attempts to remove Powell from his role as chair of the Federal Reserve Board of Governors, which do not include removing Powell as a member of the Federal Reserve Board of Governors, will not alone qualify.

The resolution source will be official information from Donald Trump; however, a consensus of credible reporting may also be used.
Volume
$26,402
End Date
Jan 1, 2027
Market Opened
Jul 31, 2026, 5:47 PM ET

Resolver

0x65070BE91...
This market will resolve to "Yes" if Donald Trump publicly and unequivocally announces that he is removing Jerome Powell as a member of the Federal Reserve Board of Governors, or takes formal action toward doing so, such as issuing a directive or formal request, between market creation and the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. Statements which are contingent (e.g. “Powell must step down”), statements of intent (e.g.“I am planning to fire Powell”) or other informal statements which are not unequivocal will not qualify. If Jerome Powell resigns or otherwise formally departs his role as a member of the Federal Reserve Board of Governors prior to a qualifying action, this market will immediately resolve to "No". Attempts to remove Powell from his role as chair of the Federal Reserve Board of Governors, which do not include removing Powell as a member of the Federal Reserve Board of Governors, will not alone qualify. The resolution source will be official information from Donald Trump; however, a consensus of credible reporting may also be used.

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Frequently Asked Questions

"Will Trump try to fire Powell as Fed Board Member by...?" is a prediction market on Polymarket with 5 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "September 30" at 14%, followed by "August 31" at 12%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 14¢ implies that the market collectively assigns a 14% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Will Trump try to fire Powell as Fed Board Member by...?" has generated $26.4K in total trading volume since the market launched on Apr 16, 2026. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Will Trump try to fire Powell as Fed Board Member by...?," browse the 5 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current frontrunner for "Will Trump try to fire Powell as Fed Board Member by...?" is "September 30" at 14%, meaning the market assigns a 14% chance to that outcome. The next closest outcome is "August 31" at 12%. These odds update in real-time as traders buy and sell shares, so they reflect the latest collective view of what's most likely to happen. Check back frequently or bookmark this page to follow how the odds shift as new information emerges.

The resolution rules for "Will Trump try to fire Powell as Fed Board Member by...?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.