Polymarket Traders Bet Against Trump Naming New Fed Chair Before Christmas
Crypto traders on Polymarket are wagering against the likelihood of President Donald TRUMP announcing a new Federal Reserve Chair before Christmas. Current odds suggest a 45% probability that no appointment will be made by year-end. Among potential candidates, Kevin Hassett leads with 28% odds, followed by Christopher Waller at 9% and Rick Rieder at 8%.
The betting activity intensified following reports that Trump seeks to replace Jerome Powell and may finalize his decision before the holidays. Treasury Secretary Scott Bessent confirmed ongoing interviews with five final contenders, indicating a decision could come shortly after Thanksgiving.
Market participants are closely watching this political development, though its immediate impact on cryptocurrency markets remains unclear. The selection process reflects broader uncertainties in monetary policy leadership as the administration prepares for potential economic challenges in 2025.
