Trump hint sends Kevin Hassett Fed chair odds soaring in markets

Prediction market odds for Kevin Hassett to become the next US Federal Reserve chair surged after President Donald Trump referred to him as a "potential Fed chair" during a White House event. Trump had earlier suggested the selection process was narrowed down to one person. Before the comments, Hassett's odds on the Kalshi prediction market were around 66%, spiking to about 85% afterward. Hassett is currently the director of the National Economic Council and is regarded as crypto-friendly, holding a stake in Coinbase. The search for the next Fed chair, as Jerome Powell's term ends in May 2026, is being led by Treasury Secretary Scott Bessent, who seeks a leader to guide the Fed quietly. Hassett's potential appointment is significant for crypto markets because he has previously criticized the Fed's high interest rate policies, and the Fed's monetary actions heavily influence market sentiment.

(Source：Cointelegraph)