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icon for Kevin Warsh cuts rates at first Fed meeting?
Politics·Trump

Kevin Warsh cuts rates at first Fed meeting?

icon for Kevin Warsh cuts rates at first Fed meeting?
Politics·Trump

Kevin Warsh cuts rates at first Fed meeting?

4% chance
Polymarket
NEW
4% chance
Polymarket
NEW
The Fed interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to “Yes” if the Fed decreases the upper bound of the target federal funds range as a result of the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. Otherwise, this market will resolve to "No" The resolution source for this market is the FOMC’s statement after the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. The FOMC calendar may be viewed at: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. The level and change of the target federal funds range is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. If Kevin Warsh’s nomination for Chair of the Federal Reserve is formally withdrawn, or otherwise finally rejected, or if no qualifying meeting occurs by December 31, 2026 (ET), this market will resolve to “No”. This market may resolve as soon as the FOMC’s statement for the meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to "No".Kevin Warsh's Senate Banking Committee nomination advanced on April 29 along party lines, positioning him for full Senate confirmation this week to succeed Jerome Powell as Fed Chair after May 15, with his first FOMC meeting June 16-17. Yet traders price a 96% "No" probability for a rate cut, mirroring CME FedWatch's 95% hold odds amid the April FOMC's steady 3.5%-3.75% target, three hawkish dissents signaling hikes, sticky core inflation, and Middle East oil pressures. Warsh inherits a fractured committee; realistic shifts would require sudden weak jobs data, inflation undershoot, or de-escalation lowering energy costs before June.

The Fed interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to “Yes” if the Fed decreases the upper bound of the target federal funds range as a result of the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. Otherwise, this market will resolve to "No"

The resolution source for this market is the FOMC’s statement after the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. The FOMC calendar may be viewed at: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.

The level and change of the target federal funds range is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

If Kevin Warsh’s nomination for Chair of the Federal Reserve is formally withdrawn, or otherwise finally rejected, or if no qualifying meeting occurs by December 31, 2026 (ET), this market will resolve to “No”.

This market may resolve as soon as the FOMC’s statement for the meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to "No".
Volume
$5,674
Market Opened
Apr 17, 2026, 6:38 PM ET

Resolver

0x65070BE91...
The Fed interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to “Yes” if the Fed decreases the upper bound of the target federal funds range as a result of the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. Otherwise, this market will resolve to "No" The resolution source for this market is the FOMC’s statement after the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. The FOMC calendar may be viewed at: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. The level and change of the target federal funds range is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. If Kevin Warsh’s nomination for Chair of the Federal Reserve is formally withdrawn, or otherwise finally rejected, or if no qualifying meeting occurs by December 31, 2026 (ET), this market will resolve to “No”. This market may resolve as soon as the FOMC’s statement for the meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to "No".
The Fed interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to “Yes” if the Fed decreases the upper bound of the target federal funds range as a result of the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. Otherwise, this market will resolve to "No" The resolution source for this market is the FOMC’s statement after the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. The FOMC calendar may be viewed at: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. The level and change of the target federal funds range is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. If Kevin Warsh’s nomination for Chair of the Federal Reserve is formally withdrawn, or otherwise finally rejected, or if no qualifying meeting occurs by December 31, 2026 (ET), this market will resolve to “No”. This market may resolve as soon as the FOMC’s statement for the meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to "No".Kevin Warsh's Senate Banking Committee nomination advanced on April 29 along party lines, positioning him for full Senate confirmation this week to succeed Jerome Powell as Fed Chair after May 15, with his first FOMC meeting June 16-17. Yet traders price a 96% "No" probability for a rate cut, mirroring CME FedWatch's 95% hold odds amid the April FOMC's steady 3.5%-3.75% target, three hawkish dissents signaling hikes, sticky core inflation, and Middle East oil pressures. Warsh inherits a fractured committee; realistic shifts would require sudden weak jobs data, inflation undershoot, or de-escalation lowering energy costs before June.

The Fed interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to “Yes” if the Fed decreases the upper bound of the target federal funds range as a result of the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. Otherwise, this market will resolve to "No"

The resolution source for this market is the FOMC’s statement after the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. The FOMC calendar may be viewed at: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.

The level and change of the target federal funds range is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

If Kevin Warsh’s nomination for Chair of the Federal Reserve is formally withdrawn, or otherwise finally rejected, or if no qualifying meeting occurs by December 31, 2026 (ET), this market will resolve to “No”.

This market may resolve as soon as the FOMC’s statement for the meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to "No".
Volume
$5,674
Market Opened
Apr 17, 2026, 6:38 PM ET

Resolver

0x65070BE91...
The Fed interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to “Yes” if the Fed decreases the upper bound of the target federal funds range as a result of the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. Otherwise, this market will resolve to "No" The resolution source for this market is the FOMC’s statement after the first FOMC Meeting for which Kevin Warsh holds the position of Chair of the Federal Reserve. The FOMC calendar may be viewed at: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. The level and change of the target federal funds range is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. If Kevin Warsh’s nomination for Chair of the Federal Reserve is formally withdrawn, or otherwise finally rejected, or if no qualifying meeting occurs by December 31, 2026 (ET), this market will resolve to “No”. This market may resolve as soon as the FOMC’s statement for the meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to "No".

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Frequently Asked Questions

"Kevin Warsh cuts rates at first Fed meeting?" is a prediction market on Polymarket where traders buy and sell "Yes" or "No" shares based on whether they believe this event will happen. The current crowd-sourced probability is 4% for "Yes." For example, if "Yes" is priced at 4¢, the market collectively assigns a 4% chance that this event will occur. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

"Kevin Warsh cuts rates at first Fed meeting?" is a newly created market on Polymarket, launched on Apr 17, 2026. As an early market, this is your opportunity to be among the first traders to set the odds and establish the market's initial price signals. You can also bookmark this page to track volume and trading activity as the market gains traction over time.

To trade on "Kevin Warsh cuts rates at first Fed meeting?," simply choose whether you believe the answer is "Yes" or "No." Each side has a current price that reflects the market's implied probability. Enter your amount and click "Trade." If you buy "Yes" shares and the outcome resolves as "Yes," each share pays out $1. If it resolves as "No," your "Yes" shares pay $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current probability for "Kevin Warsh cuts rates at first Fed meeting?" is 4% for "Yes." This means the Polymarket crowd currently believes there is a 4% chance that this event will occur. These odds update in real-time based on actual trades, providing a continuously updated signal of what the market expects to happen.

The resolution rules for "Kevin Warsh cuts rates at first Fed meeting?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.