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The odds of Powell becoming the next Federal Reserve chairman have surged, with Trump voicing favor for him this past Friday.
BlockBeats News, December 14th, Former Federal Reserve Governor Kevin Warsh has seen a surge in probability to become the next Federal Reserve Chairman. On the prediction market Polymarket, Warsh's probability of being nominated as Federal Reserve Chairman by Trump has risen from 7% to 38%, while the probability of Kevin Hassett, Director of the U.S. National Economic Council, being nominated has dropped from a high of 85% to 52%. On the prediction market Kalshi, Warsh's nomination probability has increased from 10% to 41%, and Hassett's nomination probability has decreased from a high of 81% to 51%.
When asked on Friday afternoon whether Warsh topped the list of Federal Reserve Chairman candidates, Trump said, "Yes, I think he is, I think both Kevins are great." Trump then added, "And I think there are several other excellent candidates as well." JPMorgan Chase CEO Jamie Dimon had previously supported Warsh to be the next Federal Reserve Chairman, calling him a "great chairman."
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