Prediction markets reveal a general doubt that Donald Trump can influence the Federal Reserve this year, as bettors see a mere 10% chance for Jerome Powell’s ouster before May 2026.
Trump’s push to dismiss Fed Governor Lisa Cook over mortgage fraud allegations marks a significant moment, with markets pricing in a 27% chance that she could be ousted by year-end.
If Powell were removed, it may lead to easier monetary policies, which markets might view positively, potentially impacting risk assets like Bitcoin (BTC). The narrative surrounding a Fed leadership change suggests a bullish outlook for BTC.
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