A Florida congregation post on X has moved the market for bettors who want to speculate on the firing of the Federal Reserve -President Jerome Powell.
Jerome Powell gets fired. Firing is imminent.
– Rep. Anna Paulina Luna (@repluna) July 16, 2025
Anna Paulina Luna (R- Florida) On the social media site claimed that Powell’s firing was ‘imminent’ but gave no further details and moved the ‘yes’ side of a related contract on the polymemarket by 4% up to 27%.
Luna does not serve in the House Financial Services Committee, which oversees the Federal Reserve.
Florida 13. District representative serves in House Oversight and Accountability Committee and Natural Resources Committee and is a member of House Freedom Caucus and Congressional Second Change Caucus.
President Trump has long wanted to remove Jerome Powell, which goes back to his first administration, but there would be significant legal challenges to remove him.
In 2019, the Brookings institution prepared an analysis that highlighted the Supreme Court case from 1935 Humphreys’ executor against the United StatesPresident Franklin Roosevelt blocked from removing an FTC Commissioner, as a key precedence that supports the Federal Reserve Act’s “for Cause” removal protection.
The law, as it stands, allows only the removal of bold -agent only for inefficiency, neglect of duty or malfeasance in office, not political discrepancies.
And maybe it has reverberated with the polyming field. In the hours since Rep. Luna’s posts on x are the odds on ‘Yes’ page returned to 25%.
Bitcoin dealers dismissed the opportunity exclusively for Powell’s removal where BTC was flat.
