## Who Will Lead the Fed? Prediction Markets Say Christopher Waller
The race to become the next Federal Reserve Chair is heating up, and prediction markets are buzzing! Here’s a quick rundown of the latest developments:
- **Waller’s Rise:** Federal Reserve Governor Christopher Waller’s chances of becoming the next Fed Chair have surged above 50% on the prediction market Kalshi.
- **Trump’s Influence:** This spike followed reports that former President Donald Trump’s advisors favor Waller’s willingness to adjust monetary policy based on forecasts. Waller has reportedly met with Trump’s team.
- **Competition:** Waller’s odds now surpass those of previous frontrunners, including former Fed official Kevin Warsh and National Economic Council Director Kevin Hassett.
- **Dovish Stance:** Waller’s recent dissent on the Fed’s decision to hold rates, advocating for a less cautious approach, is seen as favorable by some investors.
- **Prediction Market Data:** On Polymarket, Waller is also the frontrunner, with Hassett and Warsh trailing. A significant portion of participants predict no announcement will be made by December.
- **Trump’s Comments:** Trump has publicly praised both Warsh and Hassett, potentially influencing market activity.
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