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Yellen Overtakes Hasset as Front-Runner for Next Fed Chair<!--[link to article]-->
BlockBeats News, December 16th: Former Federal Reserve Governor Kevin Warsh has surpassed Hassett in the probability of becoming the next Federal Reserve Chair, rising to first place. On the prediction market Polymarket, Warsh's probability of being nominated as Federal Reserve Chair by Trump has risen from 7% to 48%, while Kevin Hassett, Chairman of the Council of Economic Advisers, has seen his nomination probability drop from a high of 85% to 42%. On the prediction market Kalshi, Warsh's nomination probability has increased from 10% to 52%, while Hassett's nomination probability has decreased from a high of 81% to 39%.
When asked last Friday afternoon whether Warsh was at the top of the list of candidates for Federal Reserve Chair, Trump said, "Yes, I think he is, I think both Kevins are great." Trump then added, "And I think there are several other outstanding candidates as well." JPMorgan Chase CEO Jamie Dimon previously supported Warsh to be the next Federal Reserve Chair, stating that he would be a "great Chair."
According to CNBC citing sources familiar with the matter, Kevin Hassett, once seen by the market as a "potential candidate" for Federal Reserve Chair, has recently been questioned by senior officials who could directly influence former President Trump's decisions. The contradiction lies in the fact that Hassett, initially seen as the strongest candidate to succeed current Chair Powell due to his close relationship with Trump, is now also causing concern for being "too close to the President." This pressure may explain why candidate interviews were initially canceled in early December and then rescheduled (at least for Warsh, which was completed last week).
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