Kevin Warsh Fed Chair Odds Jump After Trump’s Remark on Hassett
The race for the next Federal Reserve Chair has taken an interesting turn, with Kevin Warsh emerging as the frontrunner after a remark by US President Donald Trump. In a surprise move, Trump expressed his desire to keep Kevin Hassett in his current role at the White House, effectively taking him out of the running for the Fed Chair position. This development has sent shockwaves through prediction markets, with Warsh’s odds of becoming the next Fed Chair soaring.
According to data from Kalshi and Polymarket, two popular prediction market platforms, Kevin Warsh is now leading the betting with nearly 60% odds. This significant jump in Warsh’s odds is a clear indication that the market is responding to Trump’s comment on Hassett. The news has sparked a flurry of activity in the financial markets, with investors and traders scrambling to adjust their bets and positions.
The Fed Chair position is one of the most powerful roles in the global economy, with the chairperson responsible for setting monetary policy and guiding the US economy. The current chair, Janet Yellen, is set to step down in February 2018, and the search for her replacement has been ongoing for several months. Trump has been weighing his options, considering a range of candidates, including Warsh, Hassett, and current Fed Governor Jerome Powell.
Trump’s comment on Hassett has 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 taken him out of the running for the top job at the Fed. Hassett, who serves as the Chairman of the Council of Economic Advisers, has been a key advisor to Trump on economic policy. While he was considered a dark horse candidate for the Fed Chair position, his chances of getting the job now appear to be slim.
Warsh, on the other hand, has been a strong contender for the Fed Chair position from the outset. A former Fed Governor, Warsh has a deep understanding of the inner workings of the Fed and has been a vocal advocate for monetary policy reform. His experience and expertise make him an attractive candidate for the job, and his odds of getting the position have been boosted by Trump’s comment on Hassett.
The prediction markets have been closely watching the developments in the Fed Chair race, with traders and investors placing bets on the likely candidate. Kalshi and Polymarket have been at the forefront of this activity, providing a platform for users to bet on the outcome of the race. The data from these platforms provides valuable insights into the market’s expectations and sentiment.
While Warsh is now the clear frontrunner, the race for the Fed Chair position is far from over. Trump has stated that he has made his decision and will announce it this month, but there is still a possibility that he could change his mind or consider other candidates. The market will continue to watch the developments closely, with investors and traders adjusting their bets and positions accordingly.
In conclusion, the Fed Chair race has taken an interesting turn, with Kevin Warsh emerging as the frontrunner after Trump’s comment on Kevin Hassett. The prediction markets have responded accordingly, with Warsh’s odds of becoming the next Fed Chair soaring. While the race is far from over, the market is clearly signaling that Warsh is the likely candidate for the job. As the announcement draws near, the market will continue to watch the developments closely, with investors and traders bracing themselves for the potential impact on the economy and financial markets.
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