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

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.