💥RUMOR:
🇺🇸 IT IS EXPECTED THAT THE FEDERAL RESERVE CHAIR, JEROME POWELL, WILL ANNOUNCE HIS RESIGNATION LATER TODAY.
NOT YET CONFIRMED, BUT MASSIVE IF TRUE!
🚨 NOT CONFIRMED — PROCEED WITH CAUTION 🚨
If this is true, it would be a seismic moment for the markets and monetary policy. Powell's resignation would immediately raise questions about the Fed's independence, the direction of interest rates, inflation strategy, and market stability.
That said: rumors move faster than facts. Until we see an official statement from the Fed or a significant confirmation, this remains in the "watch closely, do not trade on headlines" category.
If confirmed, expect extreme volatility and a race to see who replaces him—and what that means for rates in the future.
