Kevin Warsh scores 94% on Polymarket ahead of Fed Chair nomination

Kevin Warsh, a former Federal Reserve Board Governor, is emerging as the leading candidate for President Donald Trump’s nomination for the next Fed Chair, with a betting odds of 94% on Polymarket before Trump is expected to announce on Friday morning.

The final shortlist is believed to include Warsh, National Economic Council Director Kevin Hassett, current Fed Governor Christopher Waller, and BlackRock Fixed Income Director Rick Rieder, according to CNBC.

Warsh, 55, was a member of the Federal Reserve Board of Governors from 2006–2011 under Presidents Bush and Obama. He is a fellow at the Hoover Institution (Stanford) and has worked at Morgan Stanley. He is considered an influential figure in economic policy.

Kevin WarshWarsh has expressed quite a positive view of Bitcoin, describing it as a “store of value akin to gold” in a 2018 Wall Street Journal article, and believes the crypto asset’s boom-bust cycle is “worth watching.”

He is regarded as having a “hawkish” stance on monetary policy but can also flexibly cut interest rates when necessary. Some experts suggest that his experience and relationships with the market, the Treasury Department, and Trump’s associates could help coordinate monetary policy and economic strategy more closely without damaging the Fed’s institutional credibility.

However, some critics warn that Warsh’s hawkish reputation could conflict with Trump’s desire for rapid easing, and his recent “dove-like” tendencies may be merely opportunistic.