And then there were two.
President Donald Trump has narrowed the field for the next Federal Reserve chair to National Economic Council Director Kevin Hassett and former Fed Governor Kevin Warsh—and the dichotomy between the two men could have implications for Wall Street.
Trump said last week that Warsh climbed to the top of the list to succeed Chair Jerome Powell as head of the central bank next year, following a 45-minute meeting on Dec. 10. However, Hassett reclaimed the lead in prediction markets after remarks about Fed independence.
On Kalshi and Polymarket, Hassett has a 53 percent chance of being nominated as Fed chair….