Polymarket “yes” peaks on Jerome Powell pulling like the Florida representative says he is “imminent”

A publication by Florida Congresswoman on X has moved the bettor market who seek to speculate on the dismissal of the president of the Federal Reserve Jerome Powell.

Anna Paulina Luna (R- Florida) said on the social media site that Powell’s dismissal was “imminent”, but provided no other details, by moving the “yes” side of a related polymarket contract by 4% up to 27%.

(Polymarket)

(Polymarket)

Luna does not sit on the Chamber’s Financial Services Committee, which oversees the Federal Reserve.

The representative of the 13th district in Florida sits on the supervisory and responsibility committee of the Chamber and the Committee of Natural Resources and is a member of the Caucus of the Freedom Chamber and the Caucus of the Second Amendment of the Congress.

President Trump has long wanted to remove Jerome Powell, going back to his first administration, but there would be important legal disputes to withdraw it.

In 2019, the Brookings Institution prepared an analysis highlighting the 1935 Supreme Court affair Executor of Humphreys c. UNITED STATESThis prevented President Franklin Roosevelt from deleting an FTC commissioner, as a previous key supporting the “cause” dismissal protections of the federal law.

The law, as it is, only allows the abolition of the governors of the Fed only for ineffectiveness, neglect of duty or embezzlement in office, and not political disagreements.

And maybe it resonated with Polymarket bettors. In the hours that followed the Post of the Luna representative on X, the chances of the “Yes” side returned to 25%.

Bitcoin merchants have completely rejected the possibility of withdrawing from Powell, the remaining BTC flat.

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