FILE PHOTO: Former U.S. Federal Reserve Governor Kevin Warsh speaks during a monetary policy conference at Stanford University’s Hoover Institution in Palo Alto, California, U.S. May 9, 2025. REUTERS/Ann Saphir/File Photo
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CNBC TV1813-12-2025, 09:22

Trump's Fed Chair remarks shift odds: Warsh up, Hassett down on Kalshi

  • Prediction markets reacted sharply after President Trump signaled Kevin Warsh as a top contender for the next US Federal Reserve Chair.
  • Betting odds for former Fed governor Kevin Warsh surged to 40% on Kalshi, up from 15%, following Trump's remarks.
  • The implied probability for National Economic Council Director Kevin Hassett briefly dropped below 60%, though he remains a serious candidate and market leader.
  • Trump stated, "I think you have Kevin and Kevin. They’re both — I think the two Kevins are great," indicating both Warsh and Hassett are strong candidates.
  • Other previously considered candidates like Christopher Waller, Michelle Bowman, and Rick Rieder have been effectively priced out by Kalshi.

Why It Matters: Trump's signals on Fed Chair candidates are shifting market expectations for US economy.

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