Kevin Warsh Fed Chair odds jump after Trump’s remark on Hassett
The Federal Reserve, the central bank of the United States, has been at the forefront of economic news in recent months. With the current Fed Chair, Jerome Powell, set to finish his term in early 2022, speculation has been rife about who will succeed him. Recently, prediction markets have been abuzz with the news that Kevin Warsh’s odds of becoming the next Fed Chair have jumped significantly. This development comes after US President Donald Trump expressed his desire to keep Kevin Hassett, the current Chairman of the Council of Economic Advisers, in his current role.
On prediction markets such as Kalshi and Polymarket, Kevin Warsh has emerged as the clear frontrunner to take over as the next Fed Chair. With nearly 60% odds, Warsh is currently the favorite to succeed Powell. This surge in Warsh’s odds can be attributed to Trump’s recent remarks, which have been interpreted as a signal that Warsh is the President’s preferred candidate for the role.
Trump’s comments on Hassett have been seen as a significant development in the race for the Fed Chair position. By expressing his desire to keep Hassett in his current role, Trump has effectively ruled out the possibility of Hassett taking over as Fed Chair. This has led to a reassessment of the candidates in the running, with Warsh emerging as the clear beneficiary.
Warsh, a former Fed Governor, has been seen as a strong contender for the role from the outset. His experience and expertise in monetary policy make him an attractive candidate, and his close ties to the Trump administration have only added to his chances. With Trump’s remarks on Hassett, Warsh’s odds have jumped significantly, and he is now firmly in the driving seat to succeed Powell.
The development has also led to a flurry of activity on prediction markets, with traders and investors rushing to place bets on Warsh’s chances. On Kalshi, a platform that allows users to bet on the outcome of various events, Warsh’s odds have surged to nearly 60%. Similarly, on Polymarket, another popular prediction market platform, Warsh is leading the pack with odds of around 58%.
The news has also sparked a lively debate among economists and market watchers, with many weighing in on the implications of Warsh’s potential appointment. Some have argued that Warsh’s hawkish stance on monetary policy could lead to a tightening of interest rates, which could have significant implications for the US economy. Others have pointed out that Warsh’s experience and expertise make him an ideal candidate for the role, and that his appointment could provide stability and continuity at the Fed.
Trump has also added to the speculation, stating that he has made his decision on the next Fed Chair and will announce it later this month. This has only added to the excitement and anticipation surrounding the appointment, with many eagerly awaiting the President’s announcement.
In conclusion, the recent surge in Kevin Warsh’s odds of becoming the next Fed Chair is a significant development in the world of economics and finance. With Trump’s remarks on Hassett and the subsequent jump in Warsh’s odds, it seems increasingly likely that Warsh will succeed Powell as the next Fed Chair. As the news continues to unfold, one thing is certain – the appointment of the next Fed Chair will have significant implications for the US economy and the global financial markets.
For now, all eyes are on Trump, who is set to announce his decision later this month. As the anticipation builds, one thing is clear – Kevin Warsh is firmly in the driving seat to take over as the next Fed Chair.
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