Markets are pricing a 0% probability that former President Donald Trump will nominate Bill Pulte as the next Federal Reserve Chair, according to high-trust data from Polymarket. The market reflects strong skepticism about this scenario, despite occasional speculation about Pulte's alignment with Trump's economic views.
Bill Pulte, a philanthropist and businessman known for his social media presence and advocacy for direct cash assistance, has no formal background in monetary policy or central banking. The Federal Reserve Chair is a critical position overseeing U.S. monetary policy, and nominees typically have extensive experience in economics or finance. Current Chair Jerome Powell's term ends in February 2026, and any nomination would require Senate confirmation.
The market's 0% pricing suggests traders see no realistic path for Pulte's nomination, even if Trump were to regain the presidency. The market resolves by the end of 2026, aligning with the timeline for the next Fed Chair appointment.