Kevin Warsh moves ahead in Fed chief race on Kalshi after Hassett pushback
CNBC·2025-12-16 13:36

Group 1 - Kevin Warsh has overtaken Kevin Hassett in prediction markets for the next Federal Reserve chair nomination, with Warsh at approximately 46% and Hassett at about 39% [1][2] - Hassett's odds had previously been as high as 77%, while Warsh's were as low as 10% just a week prior [1] - Concerns from high-level advisers about Hassett's closeness to Trump have contributed to the shift in market sentiment [3][5] Group 2 - The nomination process experienced uncertainty earlier this month, with interviews for prospective candidates being abruptly canceled [4] - Warsh, a former Fed governor, is viewed as a credible candidate for Republicans, while Hassett's long-standing association with Trump raises concerns about the Fed's institutional integrity [5] - Trump's recent comments have added ambiguity to the nomination process, indicating that Warsh has become a leading contender [6]