Prediction markets downplay Powell exit risk despite DOJ probe: Asia Morning Briefing

Prediction markets indicate that the likelihood of Federal Reserve Chair Jerome Powell being replaced is low, despite ongoing investigations by the Department of Justice (DOJ) into potential misconduct. Market participants are largely dismissing concerns about Powell's job security, viewing the probe as unlikely to lead to significant changes in leadership. Analysts suggest that the stability of Powell's position is supported by his track record and the Fed's current monetary policy direction. Overall, the sentiment in the markets reflects confidence in Powell's continued role amid the scrutiny.

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