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Warsh sprints ahead in Fed chair race following Trump comments on Hassett, prediction markets show
Former Federal Reserve Governor Kevin Warsh on Friday vaulted to the front of the pack in the race for central bank chair following remarks from President Donald Trump, according to a closely watched prediction market. Traders on Kalshi pushed Warsh well ahead of the person seen as his closest competitor, National Economic Council Director Kevin Hassett. In remarks delivered Friday morning, Trump, without explicitly stating his decision, said he’d prefer to keep Hassett in his position as top economic advisor. “I see Kevin’s in the audience, and I just want to thank you. You were fantastic on television ... (full story)
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atiati
Jan 16, 2026 10:04am
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Trump seems to rule out Hassett as Fed chair in comments. Trump said that Hassett was good on TV today and that he "may want to keep him where he is". He added that "we'll see how it works out". Some Republican Senators have expressed reservations about Hassett because he's so close to Trump, so he could be harder to confirm than the other three candidates. ...
Gold slipped the most in more than two weeks after US President Donald Trump expressed reluctance about nominating Kevin Hassett as Federal Reserve chair, casting further doubt over his search for the next head of the central bank. Trump on Friday said if Hassett were to leave his post as director of the National Economic Council, it would deprive the ...
*BESSENT: EXPECT FED CHAIR DECISION BEFORE DAVOS OR UPON RETURN *BESSENT: RICK RIEDER WAS IN WITH TRUMP YESTERDAY *BESSENT ON IF HASSET NOT GOING TO FED: IT'S TRUMP'S PREROGATIVE * BESSENT: DOWN TO 4 CANDIDATES FOR FED CHAIR * BESSENT: FOR GOVERNOR BOWMAN, BEST USE IS HER EXISTING JOB * BESSENT: HASSETT HAS ONE OF MOST POWERFUL FINANCE JOBS IN GOVT. US Treasury Secretary Bessent: Fed's Miran can continue at Fed past January 31st. US Treasury Secretary Bessent on if Warsh is odds-on favorite: We'll see. - US Treasury Secretary Bessent remarks: - Tariff inflation was the dog that didn't bark. - Unlikely the Supreme Court will oppose IEEPA tariffs. - Anticipates $100B to $150B in tax refunds for working Americans. - Concludes remarks on Fox Business.
