Trump narrows Fed chair field; Kevin Warsh’s odds leap from 12% to above 38%

On December 14, 2025, a report said President Donald Trump narrowed candidates for the next Federal Reserve chair to Kevin Warsh and Kevin Hassett. According to the report, betting venues and crypto‑linked prediction markets lifted Warsh’s implied odds from roughly 12% to above 38%, as traders anticipate a chair inclined toward faster rate cuts.