Market
What will be the outcome of Powell's tenure as Fed Chair by May 2026?
3
Resolution / Starting Odds
Completes term • 25%
Resigns voluntarily • 25%
Removed by Trump • 25%
Other • 25%
Official announcements from the Federal Reserve or verified news reports
Story
Trump Says He Won't Replace Fed Chair Powell Before 2026 Term Ends
Dec 8, 2024, 03:36 PM
President-elect Donald Trump has indicated that he has no plans to replace Federal Reserve Chairman Jerome Powell before the end of Powell's term in May 2026. Speaking in an interview with NBC's 'Meet the Press,' Trump stated, 'I don't think so. I don't see it,' when asked if he would ask Powell to resign. Powell has previously asserted that he would not step down if asked by the president. Despite past criticisms of Powell's handling of interest rates, Trump signaled a willingness to maintain continuity at the central bank.
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Interest rate increase • 25%
Other • 25%
Quantitative easing • 25%
Interest rate decrease • 25%
No change in relationship • 25%
Public criticism by Trump • 25%
Powell steps down • 25%
Other • 25%
Randal Quarles • 25%
Other • 25%
Lael Brainard • 25%
Neel Kashkari • 25%
Acting Chair appointed • 25%
Other • 25%
New Chair appointed • 25%
Powell reappointed • 25%
Neutral relationship • 25%
Positive relationship • 25%
Negative relationship • 25%
No significant interaction • 25%
Implemented • 25%
Under Discussion • 25%
Abandoned • 25%
Rejected • 25%
Implement unconventional policies • 25%
Increase interest rates • 25%
Maintain current rates • 25%
Decrease interest rates • 25%