The selection of the Federal Reserve Chair has changed: Hassett may step down, and Warsh has become the frontrunner.
TL;DR
Market expectations shift as Kevin Warsh emerges as the frontrunner for Fed Chair with a 60% probability, while Kevin Hassett's chances drop to 15-16%. Trump plans to announce the successor this month, with Powell's term ending May 15.
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According to Foresight News , Kevin Hassett, White House economic advisor and director of the National Economic Council, recently stated that Trump is more likely to want him to remain in his current position in the White House. Following Trump's public signal, market expectations quickly adjusted. Data from Kalshi and Polymarket shows that the probability of former Federal Reserve Governor Kevin Warsh becoming the next Fed Chair has risen to approximately 60%; Hassett's chances have fallen to approximately 15% to 16%, while current Governor Christopher Waller's are around 13% to 14%.
Current Federal Reserve Chairman Jerome Powell's term will end on May 15. Trump has stated that he will announce his successor this month, but has not yet given a specific timetable.