John Authers, Columnist

All the President's Men Are Coming After Powell

Prediction markets still give the Fed chair strong odds of finishing out the year.

July 14, 2025 at 4:27 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

A serious attempt at ouster. — A serious attempt at ouster.
Photographer: Al Drago/Bloomberg

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Search for the word “Powell” on X, as Twitter is now known, and you will swiftly conclude that the chairman of the Federal Reserve is about to resign, before he’s fired. The financial markets, and even the prediction markets, still find this a remote possibility. Which should we take seriously?