Former Federal Reserve Board member Kevin Warsh has taken the lead in the race for central bank chairman on Friday, following President Donald Trump’s comments, according to a closely watched prediction market.
Carsi’s traders have given Mr. Warsh a huge boost over his closest competitor, National Economic Council Director Kevin Hassett.
In remarks released Friday morning, Trump did not specify his decision but said he wanted to keep Hassett in his top economic adviser position.
“I saw you in the audience, Kevin, and I just want to thank you. It was amazing to be on TV today,” Trump said in a speech at the White House. “If you want to know the truth, I want to keep you there.”
After Trump’s speech, Carsi traders raised the odds of Warsh taking office to 59%, compared to just 14% for Hassett. Even current Fed director Christopher Waller had an 18% chance of winning the post, beating Hassett.
As of Wednesday, Warsh and Hassett were in a near dead heat.
Disclosure: CNBC and Kalsi have a commercial relationship.
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