Trump Hint Sends Kevin Hassett Fed Chair Odds Soaring In Markets

Trump hasn’t confirmed who he will have replace Fed Chair Jerome Powell with next year, but two recent hints, taken together, point to his crypto-friendly adviser.

Prediction market odds on Kevin Hasset becoming the next chair of the US Federal Reserve spiked after US President Donald Trump appeared to hint at who he has in mind during a White House event.

Speaking at the White House on Tuesday, Trump introduced guests, welcoming Hassett as a “potential Fed chair.”

“It’s a great group, and I guess a potential Fed chair is here too,” he said. “I don’t know, are we allowed to say that, potential? He’s a respected person, that I can tell you. Thank you, Kevin.”

It was only during a cabinet meeting earlier in the day that Trump reportedly said they had already whittled the race down to one person.

“I think we probably looked at 10 and we have it down to one,” he said.

The odds on blockchain-based prediction market Kalshi for Hassett to be nominated as chairman of the Fed rose to 85% following Trump’s comments, from around 66%. On Polymarket, the odds followed a similar pattern.

Kevin Hassett is the director of the government’s National Economic Council, having taken the role in January 2025 after being selected by Trump.

Regarded as crypto-friendly with a $1 million stake in Coinbase and having overseen the digital asset working group, Hassett is one of many candidates being explored for the leadership of the Fed, with Jerome Powell’s term set to end in May 2026.

Trump has had a tense relationship with Powell since taking office.

Source: CoinTelegraph