Federal Reserve Chairman Jerome Powell is likely to stay on for a short time after his term as head of the central bank is over, bettors on prediction markets platform Kalshi estimate.
Bettors place a 30% chance Powell resigns as a member of the Fed Board of Governors by June. However, bettors are more confident that he does that by August or the end of the year, with 66% and 81% odds, respectively.
Powell said after the March Federal Open Market Committee meeting he would not step down as a governor until the criminal inquiry into him by the Department of Justice was resolved. On Friday, the justice department dropped its probe into Powell.
When that happened, odds that Powell would resign by June surged to nearly 54.5%, but they have fallen in the days since.
However, Polymarket bettors see Powell stepping aside imminently. They give it an 87% chance he steps down between May 15 and May 22.
