RUMOR ALERT — HANDLE WITH CAUTION
Unconfirmed reports are circulating that Fed Chair Jerome Powell may announce his resignation later today.
No official confirmation yet. If true, this would be a seismic event for global markets.
Why this matters (if confirmed):
Fed independence would be questioned immediately
Rate path uncertainty spikes (cuts? hikes? pause?)
Inflation strategy could shift
Market volatility would likely explode across equities, bonds, FX, and crypto
Important reminder:
Rumors move faster than facts. Until there’s an official Fed statement or credible confirmation, this stays in the “watch closely—don’t trade headlines” bucket.
If confirmed, expect:
Extreme short-term volatility
Rapid speculation on Powell’s replacement
Repricing of rate expectations across all risk assets
👀 Stay sharp. Stay patient. Verify first.
I’ll update as soon as there’s confirmation.
