David Zervos, Jefferies
Scott Mlyn | CNBC
The chances that Jefferie's Chief Market strategist David Zervos will be the next chairman of the Federal Reserve on the predictive market Kalshi, since the Trump administration views several candidates as the successor to the current FED chairman Jerome Powell as soon as his term has expired next year.
The users of Kalshi increased their bets that President Donald Trump Zervos will nominate on Wednesday after sources of CNBC, that Trump set up 11 candidates for FED chairwoman, including Zervos and others like the former governor of the FEDS Larry Lindsey and Rick Rieder – Blackrocks Chief Investment Officer for Global Income.
Zervos' probability of becoming Trump's choice tied with that of the former Fed governor Kevin Warshs, who was once considered a front manager for the position. At an early Wednesday, the chances of Zervos even started the war system of 17% to 15%.
The governor of Fed Chris Waller is still on the platform with 31%of the platform, while the director of the National Economic Council, Kevin Hassett, now at 20%.
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Both Hassett and Warsh Odds were impressed by the predictive markets after Trump had taken on “The Kevins” on CNBC last week, and said they were both “very good”.
The two have campaigned for lower interest rates. Powell, whose term ends in May 2026, was a common goal of Trump's criticism of refusing to reduce interest rates.
At the most recent Fed decision in July, Waller, together with the governor of the Fed Michelle Bowman, publicly resisted the central bank's decision to keep interest rates stable. Waller, who was nominated by Trump to Fed in 2020, said that his waiting-and lake approach was “excessively careful”.
Bloomberg News reported last week and quoted people who are familiar with the matter that Trump's consultants such as Waller's openness to adapt the monetary policy based on the forecast and not current data. It also reported that Waller met Trump's team about the Fed chief, but did not meet the president himself.