Updated
Updated · The Wall Street Journal · Apr 24
Kevin Warsh confirmation as Federal Reserve chair probability nears 100 percent
Updated
Updated · The Wall Street Journal · Apr 24

Kevin Warsh confirmation as Federal Reserve chair probability nears 100 percent

11 articles · Updated · The Wall Street Journal · Apr 24
  • Betting site Kalshi now shows nearly 100% probability Warsh will be confirmed before May 15, up from 30% after the Justice Department ended its criminal investigation of Jerome Powell.
  • This development removes the main political barrier, as Senator Thom Tillis had withheld support until the probe concluded, and all Democrats refused to consider the nomination while it remained open.
  • Powell’s term ends May 15, though he may remain if no successor is confirmed; betting markets also show a 98% chance Warsh is confirmed by June 1.
Are markets overconfident in Warsh's confirmation before Senator Tillis officially gives his support?
Is Warsh's policy shift a genuine change or a strategy to secure his confirmation?
What are the long-term risks to the Fed's credibility after this contentious confirmation process?
How would Kevin Warsh's 'new inflation framework' change the fight against rising prices?
How might a former Fed Chair on the board influence the central bank’s independence?
Can AI's productivity boom really be harnessed to lower inflation under a new Fed chair?