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Why Kevin Warsh is newly ascendant in the Fed chair contest
The race to become the Federal Reserve's next chair appeared almost over just a couple of weeks ago, but it's now back to looking like a real competition. Kevin Hassett, a top economist in the Trump administration, was the clear front-runner in early December, but former Fed governor Kevin Warsh lately has re-emerged as a strong contender. Prediction market Kalshi put Warsh's chances at 48% on Monday afternoon, while Hassett was at 41%. Polymarket had Warsh at 49%, with Hassett at 43%. The shakeup in the contest for the Fed job comes after President Donald Trump told the Wall Street Journal on Friday that he was ... (full story)
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