Will Jerome Powell depart as Fed Chair by May 15 2026?

• 01
  Price move

  Down 13pp over 24h

  Now 48¢; +0.5pp in the last hour.

• 02
  Active signal

  Resolution-risk signal firing

  Spread is wide enough that intraday moves overstate any tradeable edge.

• 03
  Spread cost

  Wide spread — 25.0¢

  Bid-ask spread is wide enough that intraday moves overstate any tradeable edge. Most of the headline pp move would be eaten by spread on a market order.

Each factor is grounded in a single named metric you can verify on this page — probability, volume, liquidity, signal, resolution state. No predictions, no prose hallucinations.

This market will resolve to “Yes” if Jerome Powell vacates his role as Chair of the Federal Reserve by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. Vacating his role refers to Powell actually ceasing to hold the position of Chair of the Federal Reserve Board of Governors. Announcements of resignations or firings will not alone qualify. The scheduled end of Powell’s term as Chair will not alone qualify. If Powell continues to serve as Chair on a temporary basis (e.g. until the confirmation of his successor), he will not be considered to have vacated his role as Chair. This market is restricted to Powell’s status as Chair of the Federal Reserve Board of Governors. Powell’s status as a regular member of the Federal Reserve Board of Governors will not affect this market’s resolution. The primary resolution source for this market will be official information from Jerome Powell and the Federal Reserve; however, a consensus of credible reporting may also be used.