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What will be the outcome of legal challenges to Powell's position by end of 2024?
3
Resolution / Starting Odds
Powell remains without challenge • 25%
Powell remains after legal challenge • 25%
Powell is removed • 25%
Other outcome • 25%
Court rulings or official announcements from the Federal Reserve or the government
Story
Fed Chair Powell Says He Won't Resign, Asserts Trump Can't Legally Fire Him
Nov 7, 2024, 08:07 PM
Federal Reserve Chair Jerome Powell stated on Thursday that he would not resign if asked by President-elect Donald Trump, despite suggestions from some of Trump's advisers that he should step down. When asked during a press conference if he would leave his post at the President's request, Powell firmly replied, 'No.' When pressed further on whether he believes he is legally required to leave if asked, he responded, 'No.' Powell also asserted that the President does not have the legal authority to fire or demote him, stating, 'Not permitted under the law.' He emphasized his commitment to serve his full term and highlighted the importance of the Federal Reserve's independence.
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Powell remains Chair without incident • 25%
Powell resigns voluntarily • 25%
Powell is removed through legal or political means • 25%
Other outcome • 25%
No change in relationship • 25%
Public criticism by Trump • 25%
Powell steps down • 25%
Other • 25%
Completes term • 25%
Resigns voluntarily • 25%
Removed by Trump • 25%
Other • 25%
Victory upheld • 25%
Victory overturned • 25%
Partial changes to results • 25%
No legal challenges • 25%
Supportive • 25%
Opposed • 25%
Neutral • 25%
No comment • 25%
Biden's claim verified • 25%
Biden's claim refuted • 25%
No conclusive evidence • 25%
Other • 25%
Election annulled • 25%
Recount ordered • 25%
Maduro's victory upheld • 25%
Other outcome • 25%
Upheld • 25%
Partially overturned • 25%
Completely overturned • 25%
No significant legal challenges • 25%
Confirms Biden's statement • 25%
Disproves Biden's statement • 25%
Inconclusive • 25%
No investigation or report • 25%
Trump wins a significant legal challenge • 25%
Biden wins a significant legal challenge • 25%
No significant legal challenges • 25%
Other • 25%
Upheld completely • 25%
Partially struck down • 25%
Completely struck down • 25%
No legal challenges • 25%
Majority Upheld • 25%
Majority Overturned • 25%
Mixed Outcomes • 25%
No Major Challenges • 25%