Has Powell "turned the tables"? The 2025 showdown between Trump and the Federal Reserve has just begun

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【BlockBeats】Things are getting interesting. After the Department of Justice launched an investigation into Federal Reserve Chair Jerome Powell, the situation has turned in the opposite direction of Trump’s expectations.

Originally seeming certain to resign, Powell’s chances of remaining in office are now increasing. Data from the prediction market Polymarket vividly reflects this change—Powell’s probability of leaving the Fed before May 30 has dropped from 74% at the beginning of the month to 45%, and the likelihood of his departure before the end of the year has decreased from 85% to 62%.

Even more dramatically, the ranking of candidates for Federal Reserve Chair is being reshuffled. Trump ally Kevin Hasset was initially leading, but support for the more hawkish Kevin Waugh has begun to surpass him. This means that even if Powell does step down, his successor might be more hawkish than Trump expects.

According to policy analyst Dan Cliffton, there was an informal agreement between Trump and Powell last summer: Powell would resign this May, and Trump would drop his criticism of the Fed’s headquarters renovation project. Trump did ease up at the time, and the agreement seemed to take effect. But last Sunday, that bottom line was broken—Trump reignited personal attacks on Powell, which instead increased the likelihood of Powell remaining as a regular board member.

It appears that Trump’s pressure to accelerate Powell’s resignation has backfired. In 2025, the game between Trump and the Federal Reserve is just entering a truly deadlocked stage.

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HodlKumamonvip
· 10h ago
Haha, Trump's move this time is really a reverse indicator. The more he tries to push people away, the more he keeps them in place(Laughing and crying)
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Layer2Arbitrageurvip
· 10h ago
lmao powell's reverse uno card actually hit different. trump pushed for removal, now gets someone potentially way more hawkish — that's a negative carry on the original thesis tbh. the basis points game just inverted.
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ForkThisDAOvip
· 11h ago
Powell's move this time is truly brilliant; the more he gets criticized, the more stable he becomes. Trump's tactic is like shooting himself in the foot.
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SneakyFlashloanvip
· 11h ago
Powell really held steady this time. The more Trump pressured, the more it backfired and actually boosted his reputation—it's quite ironic.
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NeverPresentvip
· 11h ago
Powell's move was absolutely brilliant; the more Trump pressures, the more stable he becomes. It looks like the 2025 game will be a prolonged battle.
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BlockchainFoodievip
· 11h ago
lol wait, so trump's actually pushing powell out but accidentally secured his spot? that's like trying to use a flash loan to dump an asset but ending up hodling bags instead... the irony layer here is thicker than a properly laminated croissant ngl
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ser_aped.ethvip
· 11h ago
Powell's counterattack this time is brilliant; Trump wanted to push people out but ended up shooting himself in the foot.
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