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Markets bet on whether Powell leaves before 2025

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Kalshi has reported 20,732 in volume over the last 24 hours on their market for “Powell leaves before 2025?”, making it one of the hottest markets on the platform today.

The market currently is implying a 3% chance for "Before September", which is neutral from yesterday, when the market implied a 3% probability.

If Jerome Powell is no longer Chair of the Federal Reserve Board of Governors (not merely announces he leaves office) by Aug 31, 2025, then the market resolves to Yes.

In total, this market has seen a volume of 970,465 transactions since it was first opened on July 22, 2025. There are 671,138 positions of open interest in this market, and the overall liquidity is sitting at 23,558,083 contracts.

Based on Quiver’s tracking, here are 10 of the finance and politics markets that have had the most volume on Kalshi over the last 24 hours:

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