Kevin Hassett’s odds of becoming the next chair of the US Federal Reserve rose after President Donald Trump made remarks that seemed to point in his direction.
President Trump greeted attendees and paused to acknowledge Hassett at a White House event on December 2.
He said, “It’s a great group, and I guess a potential Fed chair is here too. I don’t know, are we allowed to say that, potential? He’s a respected person, that I can tell you. Thank you, Kevin”.
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During a cabinet meeting that day, Trump said the decision process was nearly complete. He noted, “I think we probably looked at 10 and we have it down to one”.
After those comments, prediction markets reacted quickly. On Kalshi, a blockchain-based trading platform, the odds of Hassett being nominated climbed from around 66% to 85%.
Polymarket showed a similar increase, which reflects growing market confidence in his selection.
Hassett currently leads the National Economic Council, a position he assumed in January 2025 after being chosen by President Trump. Known for his interest in cryptocurrencies, he has a $1 million investment in Coinbase
$2.57B
and has helped oversee the administration’s digital asset working group.
Hasset is one of several figures under consideration to succeed Jerome Powell, whose term ends in May 2026.
Meanwhile, Michael Selig, the US Securities and Exchange Commission (SEC) crypto counsel, appeared before the Senate Agriculture Committee as part of his nomination to lead the Commodity Futures Trading Commission (CFTC). What did he say? Read the full story.
