Kalshi traders price 62% chance Trump will criticize Warsh

  • Kalshi traders raised the implied chance of Trump criticizing Kevin Warsh before 2027.
  • The probability reached 62%, compared with 28% on Sept. 18.
  • The Federal Reserve raised its benchmark rate by 25 basis points Wednesday.

Kalshi traders are pricing a 62% chance that President Donald Trump will publicly criticize Federal Reserve Chair Kevin Warsh before 2027, up from 28% on Sept. 18. The repricing followed the Federal Reserve's unanimous decision to raise its benchmark interest rate by a quarter percentage point, the first increase since 2023, bringing the federal funds rate to 3.75% to 4%. The move came as inflation remained above the central bank's 2% target and ran counter to Trump's repeated demands for lower rates. Trump's previous public attacks on former Fed Chair Jerome Powell have added to questions about Warsh's credibility and the Federal Reserve's independence. Analysts cited in the article said the decision offered an early test of how Warsh balances inflation risks against political pressure.

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