Jerome Powell serves as Chair of the Federal Reserve, a position he has held since 2018 and continues as a Board Member. This market tracks whether President Trump will attempt or take steps to remove Powell specifically from his Federal Reserve Board Member role by December 31, 2026. Trump has previously expressed criticism of Powell and Federal Reserve policies, particularly regarding interest rate decisions and monetary policy direction. The current market odds of 19% on YES outcomes suggest traders view such a removal attempt as possible but relatively unlikely within this timeframe. Removal from the Federal Reserve Board involves specific statutory procedures and political considerations that would affect the feasibility of any such action. The modest 24-hour volume of $2,298 and moderate liquidity of $6,962 reflect the specialized nature of this policy-focused market. The pricing indicates participants are accounting for Trump's historical rhetoric about Fed leadership, his potential political leverage, and the procedures required for Board Member removal. This market will resolve based on whether documented evidence of such a removal attempt emerges before year-end 2026.