Breaking! Powell to resign as Fed Chair? Rumors on December 1st ignite the market!

Core message: It is reported that Powell will announce his resignation decision at an emergency meeting at 7 PM Eastern Time on Monday.

Key clarification: There is currently no official confirmation from the Fed or mainstream media, and there are multiple contradictions:
Chairman Powell's term lasts until May 2026, and the terms of the board members extend until January 2028; the Fed's official schedule shows that he has a speaking engagement at the Hoover Institution at 8 PM that evening, not an emergency meeting; Powell has repeatedly stated that he will not leave office early and will fulfill his term, and the law grants him protection against arbitrary dismissal.

Rumor Background:
This is not the first time rumors of Powell's resignation have surfaced. Previously, Trump has pressured him multiple times to step down, even questioning him on the grounds of overspending on renovations at the Fed headquarters. White House economic advisor Hassett has stated that he would be willing to take over the position if nominated and is currently viewed as a leading candidate. After Thanksgiving, news of fund withdrawals and policy uncertainties has been widely circulated on platforms such as Xiaohongshu, exacerbating market wait-and-see sentiment.

Market Myth:
Historical patterns show that after a market decline in November, December often opens lower. Coupled with year-end institutional assessments and capital withdrawal effects, the volatility risk is inherently high; on one hand, there are rumors of resignations brewing, and on the other hand, the policy direction remains unclear. How will the global market unfold in the first week of December? $BTC $ETH