Who will replace Jerome Powell? 🔮 Speculators are making bets.
Prediction markets are heating up as Trump intensifies pressure on the Fed, calling for rate cuts and attacking current chairman, Jerome Powell.
As for Kalshi, traders now see a nearly 1 in 4 chance that Trump will remove Powell before the end of 2025, despite legal hurdles.
Possible successors?
• Kevin Warsh – Former Fed governor, Trump ally
• Kevin Hassett – Former White House economist
• Judy Shelton – Advocate for the gold standard
• Larry Kudlow – Fox Business host, supply-side advocate
• Arthur Laffer – Icon of the Laffer Curve
• Jerome Powell Fed – The odds of a new nomination are falling rapidly
Trump's dispute with Powell and his calls for "preemptive" cuts have raised concerns about the independence of the Fed, making this market one of the most closely followed among those betting on Kalshi
