Warsh sprints ahead in Fed chair race, prediction markets show
By CNBC
February 8, 2026, 4:27 PM EST
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New York, NY (CNBC) — President Trump expressed his preference to keep Kevin Hassett as National Economic Council Director, potentially impacting the race for the next Federal Reserve chair. Hassett is in contention with former Fed Governor Kevin Warsh for the position, as Trump plans to replace Jerome Powell in May.
Warsh Leading in Predictions
Traders on prediction market sites have raised their bets on Warsh as the front-runner for the job, with Hassett and current Fed Governor Christopher Waller trailing behind. Trump has yet to announce a specific date for Powell’s successor, adding to the uncertainty surrounding the selection process.
