Fed Chair Powell's Future Remains Uncertain, Market Responds Calmly

Recent rumors about Federal Reserve Chair Jerome Powell potentially stepping down have been making waves in the industry, drawing widespread market attention. According to crypto news outlet Coincu, this wave of speculation originated from various guesses on social media, but there is still no official evidence to support these claims. Neither the Federal Reserve nor government officials have issued any formal response or clarification regarding the rumors.

Official Silence Behind the Rumors

It is reported that relevant authorities may have convened an emergency meeting to address the issue, but the Fed and government have yet to provide any confirmation. Powell is expected to deliver an important speech this week, and there are various guesses about his potential successor circulating in the public discourse. This information vacuum has created space for rumors to spread.

Former President Trump later stated that there are no plans to dismiss Powell during his current term, which somewhat dampens the rumors. Meanwhile, current economic advisor Kevin Hasset also dismissed the successor speculation as purely market conjecture, maintaining a quite indifferent attitude.

Market Predictions and On-Chain Reactions

Prediction platform Polymarket has taken a cautious stance on these rumors, estimating only a 12% chance of Powell leaving office in the short term, reflecting the overall judgment of market participants. Notably, despite rampant rumors about the Fed Chair, cryptocurrency markets and on-chain trading data have remained relatively stable, with no significant fluctuations. This indirectly indicates that the market’s confidence in these rumors is limited, and most participants are still waiting for official responses.