The Warsh Wallop: Why Prediction Markets Are Betting on a Volatility Spike After Powell's Exit
The standoff between the White House, the Senate, and Jerome Powell's Federal Reserve has pushed policy uncertainty to levels not seen since 2008. With the DOJ probe dropped, Tillis's blockade lifted, and a 13-11 Banking Committee vote clearing the way for a full Senate confirmation expected the week of May 11, prediction markets are now pricing a volatility spike tied not to confirmation risk but to what Warsh actually does once he takes the chair on May 15.
2026/05/13
