Prediction Markets Show Warsh as Top Contender for Fed Chair, Hassett Lags Significantly

Odaily News According to data from prediction market Polymarket, the probability of Hassett receiving the nomination for chair has now dropped to 15%, on par with Federal Reserve Governor Waller. Meanwhile, the probability of Kevin Warsh being nominated has risen to over 60%, making him the current frontrunner and leaving other candidates far behind. Today, when discussing White House National Economic Council Director Hassett, Trump stated, "I'd like to keep him where he is, we'll see what happens." This remark suggests that Trump may have another candidate in mind for Fed Chair. Market expectations for the Fed Chair position have shifted from a two-horse race between Kevin Hassett and Kevin Warsh to Warsh leading alone. Notably, even before Trump's comments today, Hassett himself expressed a view, stating, "Warsh and Rieder would also be great Fed Chairs." Perhaps Hassett already had some insight into Trump's final choice.