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Kevin Hassett's Odds as Next Fed Chair Jump to 35%, Leading Shortlist

Kevin Hassett, former White House economic advisor, saw his probability of being nominated as the next Federal Reserve Chair surge from 14.2% to 35% on Wednesday, a 146% increase, PolyMarket data show. White House insiders now view Hassett as the frontrunner, with market participants identifying him as the most dovish member of the President's core economic team and most likely to execute the administration's rate-cutting agenda. Treasury Secretary Scott Bessent confirmed the selection process has narrowed to five candidates, with an announcement potentially coming before Christmas. In a separate prediction market running through December 31, 2026, Hassett leads with 56% probability, while current Fed Governor Christopher Waller holds second place at 24%.
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