Markets are pricing a 0% probability that former Federal Reserve Chair Janet Yellen will be nominated by Donald Trump for another term, according to high-trust data from Polymarket. The figure reflects strong skepticism among traders about this possibility.
Yellen, who served as Fed Chair from 2014 to 2018 under President Obama, is currently the U.S. Treasury Secretary under President Biden. Her tenure at the Fed was marked by steady monetary policy and gradual interest rate hikes. However, her association with the Biden administration and differing policy views make her an unlikely candidate for renomination by Trump, should he return to the presidency.
This market, which resolves by the end of 2026, reflects traders' confidence in this outcome, with liquidity exceeding $3.6 million. PreNews will continue monitoring developments in monetary policy and political appointments.