Will Jerome Powell depart as Fed Chair by May 16 2026?

Updated 10d ago

How to read the numbers

Implied / market-implied YES

The probability of YES implied by current traded prices (mid or last). It is what participants are paying for, not a claim about real-world odds.

Model estimate

A rule-based heuristic from the signal engine when a rule sets one, not a black-box forecast. Some signals only describe liquidity or spreads and may show no model estimate.

Edge / gap

The difference between the model estimate and market-implied, in percentage points (model minus market for YES). Filters may use “largest gap.” This is informational only-not trading advice or guaranteed advantage.

Stance (above / below / near estimate)

Compares market-implied to the model estimate when both exist. Labels are not buy or sell recommendations.

Confidence

A simple UI clarity label for signals (not a prediction). It summarizes the signal’s own magnitude/quality metrics into one of: Low, Mid-low, Mid, Mid-high, or High.

Volume

Reported trading activity for the market, for context on size and liquidity.

Change & sparklines

Movement in market-implied YES over the window labeled on the card-often 24h where data allows.

Signals

Rule-based flags from ingested public data. They are not trade recommendations.

More detail in Methodology.

Politics · market-implied 89.5%

Above estimatePolymarketVolume ~40,342.781← All markets

Recent price

89.5%

This market will resolve to “Yes” if Jerome Powell vacates his role as Chair of the Federal Reserve by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”. Vacating his role refers to Powell actually ceasing to hold the position of Chair of the Federal Reserve Board of Governors. Announcements of resignations or firings will not alone qualify. The scheduled end of Powell’s term as Chair will not alone qualify. If Powell continues to serve as Chair on a temporary basis (e.g. until the confirmation of his successor), he will not be considered to have vacated his role as Chair. This market is restricted to Powell’s status as Chair of the Federal Reserve Board of Governors. Powell’s status as a regular member of the Federal Reserve Board of Governors will not affect this market’s resolution. The primary resolution source for this market will be official information from Jerome Powell and the Federal Reserve; however, a consensus of credible reporting may also be used.

Market summary

This market is currently priced at 89.5%, while BinaryStreaks estimates fair value at 79.0%, indicating a possible -10.5 percentage point difference.

Why this is flagged: Δ6h -12.0 pts · Δ24h -7.5 pts (same direction)

What this means

  • This may indicate the market is repricing new information, or reacting to liquidity and order flow.
  • Signals are informational only and not trading advice.
  • BinaryStreaks uses public market data and deterministic, rule-based analysis.
  • Larger gaps can persist when the market is thin, has wide spreads, or is slow to update.

Execution

YES

Best bid (sell)
89¢
Best ask (buy)
90¢
Spread
Midpoint
90¢
Depth (top level)
bid 7.2 · ask 2.29

NO

Best bid (sell)
10¢
Best ask (buy)
11¢
Spread
Midpoint
11¢
Depth (top level)
bid 2.29 · ask 7.2