## Trump’s Fed Chair Hint Sends Prediction Markets Spinning
The prediction markets reacted swiftly on Friday as President Trump signaled his preference for the next Federal Reserve chair. Here’s a breakdown of the market’s response:
- **Warsh’s Odds Surge:** Kevin Warsh, previously at a 15% chance, saw his odds on Kalshi prediction markets jump to as high as 40% after Trump’s comments.
- **Hassett’s Favorability Dips:** Kevin Hassett, previously the frontrunner, saw his implied probability of becoming the next Fed chair drop from 80% to below 60%.
- **Trump’s “Two Kevins” Comment:** Trump stated that both Warsh and Hassett are “great,” implying Hassett is still in the running.
- **Other Candidates Eliminated:** The market essentially eliminated the chances of other candidates, including Christopher Waller, Michelle Bowman, and Rick Rieder.
- **Trump’s Rate Policy Stance:** Trump reiterated his view that the Fed chair should consult the president on rate policy, a stance that has put him at odds with current chair Jerome Powell.
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