{"id":19088,"date":"2025-08-06T10:45:46","date_gmt":"2025-08-06T10:45:46","guid":{"rendered":"https:\/\/finderica.com\/?p=19088"},"modified":"2025-08-06T10:45:46","modified_gmt":"2025-08-06T10:45:46","slug":"prediction-markets-see-hassett-warsh-as-fed-chair-front-runners","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=19088","title":{"rendered":"Prediction markets see Hassett, Warsh as Fed chair front-runners"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108169560\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the U.S. Federal Reserve.<\/p>\n<p>Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>President Donald Trump&#8217;s fresh comments on potential candidates to replace\u00a0Jerome Powell\u00a0as the next chair of the Federal Reserve sparked a wave of speculation on prediction markets.<\/p>\n<p>National Economic Council Director\u00a0Kevin Hassett, former Fed Governor\u00a0Kevin Warsh, current Fed Governor\u00a0Christopher Waller\u00a0and Treasury Secretary\u00a0Scott Bessent\u00a0had all been floated as contenders to lead the central bank.<\/p>\n<p>In a wide-ranging interview on CNBC&#8217;s &#8220;Squawk Box,&#8221; Trump spoke highly of Hassett and Warsh, while revealing that Bessent, enjoying his current post as Treasury Secretary, has taken himself out of contention.<\/p>\n<p>&#8220;He&#8217;s very good,&#8221; Trump said, referring to Warsh. &#8220;Sometimes they&#8217;re all very good, until you put them in there, and then they don&#8217;t do so good. But \u2026 I think he&#8217;s a very good guy. I&#8217;d say Kevin and Kevin, both Kevins are very good.&#8221;<\/p>\n<\/div>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108181882\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper InlineImage-wrapperNoCaption\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:52.91005291005292%\">\n<div><button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"><\/circle><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"><\/path><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Wagers on prediction market Kalshi moved quickly after Trump&#8217;s comment, assigning Hassett and Warsh a 35% chance each of being named the next Fed chair. Waller, whom Trump didn&#8217;t mention in the interview, has a 15% probability of being his pick and his odds decreased somewhat following the interview.<\/p>\n<p>Both Hassett and Warsh have advocated for lower interest rates. Current Chair\u00a0Powell, whose term ends in May 2026, has been a frequent target of Trump&#8217;s criticism for keeping rates elevated.<\/p>\n<p>Fed Governor Adriana Kugler announced Friday she is resigning effective this week, which Trump said &#8220;was a pleasant surprise.&#8221; The move allows Trump to install someone to the Fed Board of Governors, and the nominee could move into the chairman role when Powell&#8217;s term expires.<\/p>\n<p>Judy Shelton, former economic advisor to Trump in his first term, was assigned a 6% chance to be Powell&#8217;s replacement on Kalshi. David Malpass, former government official who served as president of the World Bank Group from 2019 to 2023, currently has a 4% probability on the prediction market.<\/p>\n<p>Trump himself even received a 1% vote to lead the Fed on Kalshi.<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 class=\"RelatedContent-header\">Don\u2019t miss these insights from CNBC PRO<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/08\/05\/prediction-markets-see-hassett-and-warsh-as-fed-chair-frontrunners-as-trump-talks-up-the-kevins.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the U.S. Federal Reserve. Reuters President Donald Trump&#8217;s fresh comments on potential candidates to replace\u00a0Jerome Powell\u00a0as the next chair of the Federal Reserve sparked a wave of speculation on prediction markets. National Economic Council Director\u00a0Kevin Hassett, former Fed Governor\u00a0Kevin Warsh,<\/p>\n","protected":false},"author":1,"featured_media":19089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[2628,137,7646,3052,175,7420,7645],"class_list":{"0":"post-19088","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-chair","9":"tag-fed","10":"tag-frontrunners","11":"tag-hassett","12":"tag-markets","13":"tag-prediction","14":"tag-warsh"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/19088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19088"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/19088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/19089"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}