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

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Since the dawning of Trump’s reign, he’s been shouting from the rooftops about interest rates, tossing blame around like confetti. And oh, how he loved to point the finger at Jerome Powell, accusing him of dragging his feet on tackling inflation and slashing interest rates. Now, a cheeky little post on social media has sparked wild speculation that Powell might be shown the door, but hold your horses, folks, experts and markets are saying, “Not so fast!” 🐎💨

— Mario Nawfal (@MarioNawfal) July 16, 2025

The Spark: A Bold Claim from Congresswoman Luna

On July 16, Florida Congresswoman Anna Paulina Luna, in a daring X post, declared that Powell’s departure was “imminent.” 📉💥 Of course, she didn’t bother backing it up with any proof, but hey, it was enough to send the Polymarket betting platform into a frenzy. The odds of Powell getting canned jumped from 23% to 27%, only to drop back down to 25% as reality set in. 📉🙄

Luna, bless her heart, isn’t even part of the House Financial Services Committee, the group actually responsible for overseeing the Fed. So, her statement doesn’t exactly carry much weight in the official circles. She’s more known for her drama in the Oversight and Natural Resources Committees. 🌱💼

I heard from a very credible, bipartisan source, today, that Jerome Powell is considering resigning. This maps with both reports and also the talk in DC.

— Pulte (@pulte) July 16, 2025

Now, it wasn’t just Luna causing the ruckus. Bill Pulte, head of the Federal Housing Finance Agency and a long-time Powell critic, chimed in, claiming he heard from a “very credible, bipartisan source” that Powell might be on his way out. Maybe, just maybe, Luna wasn’t entirely off the mark. 🕵️‍♂️🔍

But, wait, there’s more! Crypto analyst Sandman warned that markets are far from ready for such a bombshell. Over 80% of market participants still expect Powell to finish his term, suggesting that most investors are shrugging off these rumors like a bad hair day. 💆‍♂️💇‍♀️

So, Can Powell Be Fired?

Ah, the sweet dream of firing the Fed Chair. But it’s not that easy, folks. The Federal Reserve Act lays down the law, saying that a Fed governor can only be booted for serious issues like misconduct or complete incompetence, not because someone doesn’t like their policies. 🏛️⚖️

And don’t forget that old 1935 Supreme Court ruling (Humphreys’ Executor v. United States) that reinforced the Fed’s independence, making it harder than stealing candy from a baby to remove a Fed chair just because you disagree with them. Powell’s job is pretty safe, despite the political noise. 🧑‍⚖️💼

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But here’s the juicy bit: President Trump wanted Powell gone during his first term, too, but guess what? Even he couldn’t pull it off, likely due to all those pesky legal hurdles. 🤷‍♂️

In the meantime, Treasury Secretary Scott Bessent confirmed that the search for Powell’s successor has already begun, suggesting that a transition may be on the horizon, though it won’t happen overnight. 🕰️💼

No Impact on Crypto or Stocks

As the betting market fluttered, the broader financial markets shrugged. Bitcoin stayed cool as a cucumber, and the stock market didn’t break a sweat. Traders seem confident that Powell’s reign isn’t going anywhere, dismissing Luna’s post as nothing more than speculative gossip. 📉📊

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FAQs

Why is there speculation about Jerome Powell being fired?

Speculation started after Trump’s criticisms and Luna’s social media post. It caught fire, but there’s no hard evidence to back it up.

Can the U.S. President easily fire the Federal Reserve Chair?

Oh, not at all. The Federal Reserve Act and a 1935 Supreme Court ruling mean the Fed chair can only be dismissed for serious misconduct or neglect, not just because of policy disagreements. Nice try, though!

What is the official stance on a potential transition for the Fed Chair position?

While sudden firing rumors are dismissed, Treasury Secretary Scott Bessent confirmed the formal process of finding a successor for Powell is already underway. Transition? Yes. Abrupt ousting? Not likely.

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2025-07-16 11:28