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KEVIN WARSH TAKES THE LEAD IN THE FED CHAIR RACE
🔹 Kevin Warsh, former Fed Governor, unexpectedly rises to the top of the race to become Fed Chair after a new statement from President Trump
🔹 President Trump's statement hints at wanting to keep Kevin Hassett in the White House Economic Advisor role, rather than appointing him to lead the Fed
🔹 Following this statement, the market predicts a strong adjustment: the likelihood of Warsh being chosen increases to about 59%, while Hassett drops to around 14%
🔹 President Trump announced he will name the successor to Fed Chair Jerome Powell this month, as Powell's term ends in May
#WeekendMarketPredictions