Jerome Powell to remain on Fed board, Warsh expected as next chair

## Market Snapshot Jerome Powell’s status as Fed Chair is currently priced at 1.3% YES for an exit by May 14, 2026, with significant strengthening in later dates. The May 31 sub-market shows 97.8% YES, indicating increased confidence in his departure by that date. ## Key Takeaways – Market activity suggests that Powell’s decision to remain as a governor is consistent with a YES outcome for his departure as Fed Chair by May 31. – Powell’s continued presence on the board may indicate heightened political tension, impacting Fed Chair confirmation predictions. – Recent developments appear consistent with scenarios where Powell steps down from the chair position, as evidenced by market movement towards later confirmation dates.

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