Markets are pricing a 0% probability that Kevin Hassett will be nominated as the next Federal Reserve chair, according to data from Polymarket. The high liquidity and trading volume in this market suggest strong confidence in this outcome.
Hassett, a former economic adviser to President Donald Trump and ex-chairman of the Council of Economic Advisers, was a prominent figure during the Trump administration. However, his name has not been widely circulated in recent discussions about potential candidates for the Fed chairmanship. The current chair, Jerome Powell, was reappointed by President Joe Biden and his term runs until 2026.
The market’s skepticism likely reflects both the lack of public signals from Trump about Hassett’s candidacy and the broader political and economic context. With $277,459 traded in the past 24 hours and liquidity exceeding $1 million, this market offers a reliable gauge of sentiment. The market resolves on December 31, 2026.