Kevin Hassett Emphasizes Federal Reserve Independence Amid Chair Speculation
Market odds signal Kevin Warsh overtaking Kevin Hassett as frontrunner for Fed Chair, reflecting evolving political dynamics influencing Trump’s selection process.
Summary
On December 16, betting markets showed Kevin Warsh’s chances of becoming the next U.S. Federal Reserve Chair climbing to 48% on Polymarket and 52% on Kalshi, surpassing Kevin Hassett. Hassett’s probability fell from over 80% amid political concerns affecting President Trump’s decision, marking a significant shift in the race for the central bank’s leadership.
Terms & Concepts
- Federal Reserve (U.S. central bank): The central banking system of the United States, responsible for monetary policy, including setting interest rates and regulating financial institutions.