A Florida congressman post in X has moved the market for Bettors looking to think about federal reserve chair Jerome Powell.
Jerome Powell will be fired. The firing is near.
– Rep. Anna Paulina Luna (@repluna) July 16, 2025
Anna Paulina Luna (R- Florida) The social media site claims that Powell’s firing is ‘close’, but has not provided further details, The transfer of ‘yes’ part of a related contract to the polymarket of 4% up to 27%.
Luna Not serving the House Financial Services Committeethat administers the Federal Reserve.
The Florida 13th District representative serves the House Oversight and Accountability Committee and Natural Resources Committee, and a member of the House Freedom Caucus and Congressional Second Amendment Caucus.
President Trump has long wanted to remove Jerome Powell, Dating back to his first administrationBut there will be significant legal challenges for removing him.
In 2019, the Brookings institution prepared a review featuring the Supreme Court’s case Implementation of Humphreys v. United States.
The law, like standing, only allows the removal of fed governors only for incapacity, neglect of duty, or employment error, not policy disagreements.
And probably reflects the polymarket bettors. In the hours since Rep. Luna in X, the odds on the ‘yes’ side returned to 25%.
Bitcoin entrepreneurs have eliminated the possibility of Powell completely removing, with the BTC staying flat.
