“Jerome Powell’s Firing Is Imminent,” Claims Florida Rep. Anna Paulina Luna

2025-07-16 08:12:21

Main Idea

Congresswoman Anna Paulina Luna claims Jerome Powell is likely to be fired as Fed Chair, but legal and market factors suggest such a move is complex and unlikely to have immediate financial impact.

Key Points

1. Rep. Anna Paulina Luna stated she is '99% sure' Jerome Powell will be fired, though she provided no evidence and is not part of the House Financial Services Committee overseeing the Fed.

2. Bill Pulte, a Powell critic, supported Luna's claim by citing a 'credible, bipartisan source,' adding some credibility to the speculation.

3. Legal barriers, including the Federal Reserve Act and a 1935 Supreme Court ruling, make it difficult to remove a Fed Chair solely over policy disagreements.

4. Markets showed brief volatility on Polymarket, with Powell's ousting odds rising from 23% to 27% before settling at 25%, but broader financial markets remained unaffected.

5. Historical context includes former President Trump's unsuccessful attempt to remove Powell, highlighting the challenges of such an action.

Description

The post “Jerome Powell’s Firing Is Imminent,” Claims Florida Rep. Anna Paulina Luna appeared first on Coinpedia Fintech News Since the start of Trump’s tenure, he has been vocal on interest rates, and on many occasions, he has put direct blame on Jeremy Powell for acting too late on curbing inflation and reducing interest rates. In this context, a recent post on social media stirred up a wave of speculation that Federal Reserve Chair Jerome Powell could be fired soon, but experts and markets sa...

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