Before Trump’s Fed pick, a new clear favourite emerges for chair in race to succeed Powell
AI Summary
With Jerome Powell's term as Federal Reserve chair ending in May, Donald Trump is expected to announce his replacement on Friday, intensifying speculation. Prediction markets like Polymarket and Kalshi have seen significant betting volume on Trump's potential nominee. Kevin Warsh, a former Fed governor, has emerged as the clear frontrunner, with prediction market probabilities exceeding 90%. Warsh, who previously served as an economic advisor and played a key role during the 2008 financial crisis, has emphasized the Fed's independence and a focus on controlling inflation. His stance contrasts with Trump's preference for looser monetary policy.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories