Polymarket slashes odds of Fed chair removal to 14%

The Polymarket prediction market has lowered the chances that Jerome Powell was deleted as president of the federal reserve that Trump signals support.

According to PolymarketThe chances that Jerome Powell was deleted as president of the Federal Reserve by 2025, is now 14%, down 9 percentage points in the last 24 hours. The change follows a public statement by American president Donald Trump, who confirmed that he had “no intention” to dismiss Powell, despite previous tensions on interest rate policy, as reported by Reuters.

Trump added that he would prefer Powell to be “a little more active” in reduction rates, but does not intend to replace him. This marks a net reversal of just a week ago when rumors circulated that Trump administration was preparing to interview candidates to replace Powell.

These rumors intensified Following the comments of the Treasury Secretary Scott Bessent and the current disagreement reports between Powell and Trump concerning monetary policy. Trump has pressure for more aggressive rate reductions to compensate for the economic effects of his newly imposed prices.

Powell, meanwhile, recommended a careful Approach, resistant to new cuts while revising the Fed’s economic prospects in 2025 downwards. Polymarket’s updated ratings reflect growing market confidence in Powell’s stability as a Fed chair. The news has helped to facilitate the concerns of the instability of leadership, often a source of volatility in traditional and cryptographic markets.

The cryptocurrency market has reacted well to the news, associated with Trump’s softening position on aggressive prices imposed on China. Bitcoin (BTC) has exceeded $ 93,000, its highest level in weeks. The Crypto Fear and Greed index is now on the “greed” territory after uprising 25 points at 72, indicating a higher risk appetite among investors.

With 13 months remaining in Powell’s mandate, Trump’s support brought temporary calm to a previously stormy debate. Market analysts claim that the continuous clarity of the White House on Economic Policy will be essential to maintain the confidence of investors in the coming months.