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Description
Jerome Powell departs as Fed Chair by a stated date. This market resolves to Yes if Powell vacates the role of Chair of the Federal Reserve Board of Governors by the listed deadline (11:59 PM ET); otherwise it resolves to No. Vacating means actual cessation of the Chair position, excluding temporary resignations or end-of-term handovers; the Fed Chair status on a temporary basis does not count. Resolution relies on official announcements from Jerome Powell and the Federal Reserve or, if needed, a credible reporting consensus.
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Rules
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.