Speculations swirl over a memo alleging Federal Reserve Chair Jerome Powell's resignation on Monday, though lacking official confirmation, as he prepares for a speech on Tuesday.
With no evidence supporting the claim, market reactions have been muted, reflecting skepticism and awaiting official updates before taking significant positions.
Social Media Fuels Powell Resignation Speculation
Rumors about Jerome Powell's potential resignation as Federal Reserve Chairman have proliferated across social media without official substantiation. The circulating claims allege an emergency meeting is imminent. At present, there is no evidence from the Federal Reserve or government to authenticate these reports. This rumor follows previous unconfirmed allegations about Powell that were similar to those debunked by historical sources.
Should this rumor be confirmed, leadership changes might occur within the Federal Reserve, potentially influencing U.S. monetary policy. No immediate on-chain activities or noticeable cryptocurrency price impacts have been linked to these hearsay claims. The Federal Reserve's current interest rates and policies remain intact.
Market participants, including investors and regulatory observers, have reacted cautiously. Prediction markets such as Polymarket show a low confidence level in Powell's exit, estimated at a 12% chance. Donald Trump, who initially appointed Powell, stated, "I do not intend to fire him (Powell) before his term expires," while Kevin Hassett dismissed rumors of succession as mere speculation about being the front-runner.
Historical Context, Price Data, and Expert Analysis
Rumors of Jerome Powell's resignation echo previous unfounded claims from 2025, which were eventually debunked but highlighted the speculative nature surrounding U.S. Federal Reserve leadership.
Ethereum (ETH) is currently priced at $2,866.79, with a market cap of $346.01 billion. ETH's 24-hour trading volume reached $13.96 billion, marking a 10.25% change. The cryptocurrency has seen a price dip of 4.38% over 24 hours, but an increase of 2.89% over the past week. Significant price reductions are observed over 30, 60, and 90 days.
The Coincu research team forecasts potential impacts of these rumors on financial stability. Historically, such claims can induce precautionary measures in trading strategies, though solid evidence remains lacking. Analysts highlight regulatory uncertainties as a potential area of concern, albeit current regulatory frameworks show stability.