Name: Who will Trump announce as next Fed Chair in 2025?
Start: 2025-04-18T18:06:52.982859Z
End: 2025-12-31T12:00:00Z

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Trump's Treasury Secretary pick Scott Bessent has floated the idea of Trump naming a successor to Jerome Powell to serve as a "shadow chair", prior to the end of Powell's term, scheduled for May 2026. (see: https://www.nbcwashington.com/news/business/money-report/fed-chair-jerome-powell-can-serve-remainder-of-term-says-trumps-treasury-pick-bessent/3788991/).

This market will resolve to according the individual Donald Trump announces as his pick for the next Federal Reserve Chair. If Donald Trump does not announce his pick for the next Federal Reserve Chair by December 31, 2025, 11:59 PM ET, this market will resolve to "No announcement by December 31".  

The resolution source for this market will be official information form Donald Trump or one of his official representatives, however a consensus of credible reporting may also be used. 

Kevin Warsh

Kevin Hassett

Arthur Laffer

Larry Kudlow

Judy Shelton

Ron Paul

Chamath Palihapitiya

Howard Lutnick

Scott Bessent

Elon Musk

Chris Waller

Michelle Bowman

Roger W. Ferguson Jr.

Rick Rieder

No announcement by December 31

Who will Trump announce as next Fed Chair in 2025?

This market will resolve according to the next individual Donald Trump, as President of the United States, formally nominates to be Chair of the Federal Reserve by December 31, 2026, 11:59 PM ET. 

Formal nominations are defined as the submission of a nomination message to the U.S. Senate.

Acting or interim appointments will not count unless the individual is formally nominated to be Chair of the Federal Reserve by submission of a nomination message to the U.S. Senate.

The primary resolution source for this market will be official information from the U.S. Senate (see: https://www.senate.gov/legislative/nominations_new.htm), however a consensus of credible reporting may also be used.

Will Trump nominate Kevin Hassett as the next Fed chair?

Donald Trump recently announced he was firing Lisa D. Cook from her position on the Federal Reserve Board of Governors: https://apnews.com/article/federal-reserve-lisa-cook-trump-6fca3d2fbb54ba204cc91398e6a7b020

This market will resolve to according the next individual Donald Trump nominates or announces as a nominee to become a member of the Federal Reserve Board of Governors between August 26, and December 31, 2025, 11:59 PM ET. If Donald Trump does not announce nominee for Fed Governor within this market's timeframe, it will resolve to "No announcement by December 31".

This market will resolve based on the first individual trump nominates within the established timeframe.

The announcement of a specific nominee will qualify toward a "Yes" resolution, regardless of whether that individual is later officially nominated.

The resolution source for this market will be official information form Donald Trump or one of his official representatives, however a consensus of credible reporting may also be used.

Will Trump make no announcement by December 31 to replace Lisa Cook?

This market will resolve to “No” if any of the following conditions are met between September 23, 2025, and December 31, 2025, 11:59 PM ET:

- Fed cuts twice
- Trump announces someone as next Fed Chair
- Powell says “Trump” during October Press Conference
- Lisa Cook is out as Fed Governor

Otherwise, this market will resolve to “Yes”.

The full rules for this market can be found here:
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Nothing Ever Happens:  Jerome Powell Edition

This market will resolve to "Yes" if the United States federal government formally charges or announces a criminal indictment of Jerome Powell by December 31, 2025 ET. Otherwise, this market will resolve to "No".

For the purposes of this market the District of Columbia and any county, municipality, or other subdivision of a State shall be included within the definition of a State.

The primary resolution source for this market will be official information from US governmental sources, however a wide consensus of credible reporting will also be used.

Jerome Powell federally charged in 2025?

This market will resolve to "Yes" if President of the United States Donald Trump announces he has resigned or will resign the presidency by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No."

If it becomes impossible for Donald Trump to resign or to announce his resignation (e.g., due to his removal from office by other means, etc.), this market will immediately resolve to "No."

For this market to resolve to "Yes," it is only necessary that Trump announce that he has resigned or will resign. Whether he actually resigns will have no bearing on the resolution of this market.

The primary resolution source for this market will be official information from the US federal government; however, a consensus of credible reporting will also be used.

Will Trump resign by December 31, 2026?

This market will resolve to "Yes" if at least one cabinet-level Donald Trump appointee from his second term leaves their position by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Voluntary resignations, removals, retirements, or departures for any reason will count.

Announcements alone will not qualify toward this market's resolution. An individual must actually have left their cabinet-level position.

Temporary or acting officials will not count toward this market's resolution.

The primary resolution source for this market will be official information from the US government, however a consensus of credible reporting will also be used.

Trump cabinet member out in 2025?

This market will resolve based on whether Donald Trump announces that he will vote for or endorse the listed candidate in the election named in the title.

If Donald Trump does not announce an endorsement by the day before the scheduled election at 11:59 PM ET, this market will resolve to "No".

The resolution source for this market will be official information from Donald Trump or one of his representatives, or a consensus of credible reporting of Donald Trump's endorsement.

Will Trump endorse Andy Barr for KY-Sen by Nov 2 2026 ET?

This market will resolve according to the next person Donald Trump appoints to the National Security Advisor position by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

This market will resolve based on Trump's first announcement - if Trump announces another person to this position first, this market will immediately resolve to "No".

This market refers to the first permanent National Security Advisor following Mike Waltz's departure from the role; any acting advisor or otherwise temporary advisor will not qualify toward a "Yes" resolution.

The primary resolution source for this market will be official information from the US government, however a consensus of credible reporting may also be used.

Will Michael Flynn be next National Security Advisor?

This market will resolve according to the next listed individual that it is announced will leave the Trump Cabinet, or otherwise ceases to be a member of administration.

If none of the listed individuals leave between December 5, 2025 and December 31, 2026, 11:59 PM ET, this market will resolve to “None before 2027”.

An announcement of the listed individual's resignation/removal before this market's end date will immediately resolve this market to "Yes", regardless of when the announced resignation/removal goes into effect.

If multiple individuals announce departures or are removed at the same time, the market will resolve to the individual who actually leaves office first. If they leave simultaneously, the market will resolve to the individual whose last name is alphabetically first.

For the purposes of this market, the Cabinet includes Vice President, the heads of the 15 executive departments, as well as the Administrator of the Environmental Protection Agency (EPA), the President’s Chief of Staff, the Director of National Intelligence (DNI), the Director of the Office of Management and Budget (OMB), the Director of the Central Intelligence Agency (CIA), the United States Trade Representative (USTR), the Ambassador to the United Nations, the Chair of the Council of Economic Advisers (CEA), and the Administrator of the Small Business Administration (SBA). Acting officials serving in these roles are not included. The Director of the Office of Science and Technology Policy (OSTP) is not considered Cabinet-level under the current Trump administration and is excluded from this market.
A listed individual will be considered to have left the Cabinet if they resign from or are removed from any Cabinet-level position, even if they are subsequently appointed to a different Cabinet-level role.
If a candidate assumes a listed cabinet position they will be added to the market. However, candidates who have merely been nominated for a cabinet position will not be considered, even if their nomination is rejected or withdrawn. 

The primary resolution source will be official information from the Trump administration, however a consensus of credible reporting may also be used.

Will None before 2027 occur?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is increased at any point between January 1, 2025 and the Fed's December 2025 meeting, currently scheduled for December 9-10. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until the Fed has released its rate changes information following its December meeting.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Fed rate hike in 2025?

The next Federal Open Market Committee (FOMC) meeting is scheduled for December 9–10, 2025. The policy decision will be announced at 2:00 PM Eastern Time on December 10, followed by the Fed Chair’s press conference at around 2:30 PM ET.

This market will resolve according to both the number of dissenting votes recorded at the next Federal Reserve Open Market Committee monetary policy meeting, specifically those dissenting on the Fed Funds Rate decision, and the amount of basis points the upper bound of the target federal funds rate is changed by versus the level prior to the meeting.

The resolution source for this market is the FOMC’s statement after its meeting scheduled for December 9–10, 2025, according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.

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 fund range are made by the Federal Open Market Committee (FOMC) meetings.

If the FOMC changes the upper bound of the target federal funds rate by an amount that is within 12.5 basis points of either “No change” or a “25bp cut,” the change will be rounded to the corresponding listed bracket (e.g., a 12.5-bp change is rounded to a 25-bp cut).

If any change is announced that is not listed, including any non-standard increment that cannot be rounded to a listed bracket under the rule above, this market will resolve to “Other.”

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

This market may resolve as soon as the FOMC’s statement for the December 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 the “No change” bracket.

This market will resolve to the combined outcome corresponding to both the rate decision (No change / 25bp cut / Other) and the number of dissents (≤2 / >2) as expressed in the displayed strike options.

Will the December 2025 FOMC decision result in a 25bp cut with >2 dissents?

This market will resolve to "Yes" if President Donald Trump announces that he is running for a third term as US President by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Trump must definitively state his intent to run (e.g., "I am running for a third term" or equivalent unambiguous language); vague comments, speculative or contingent remarks or jokes will not suffice. 

Past statements such his March 30 NBC phone interview where he stated "There are methods which you could do it, as you know... A lot of people want me to do it." or his November 13, 2024, where he stated "I suspect I won’t be running again unless you say, ‘He’s so good we’ve got to figure something else out.’" would NOT qualify. 

The primary resolution source for this market will be official statements by Donald Trump (ex: via speech, social media, etc.), however a consensus of credible reporting may also be used.

Trump announce run for 3rd term?

This market will resolve to "Yes" if Jerome Powell serves any time in custody in a federal, state, or local U.S. jail or prison between July 22 (inclusive) and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the U.S. Government, however a consensus of credible reporting may also be used.

Jerome Powell in jail in 2025

This market will resolve to "Yes" if Donald Trump officially nominates or appoints Eric Adams to his administration by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The Trump administration includes individuals formally appointed or nominated by Donald Trump to roles within the U.S. federal government, such as Cabinet members, Executive Office staff, senior policy advisors, ambassadors, or White House staff whose appointments are publicly announced by official government channels.

Nominations will qualify even if the individual is not confirmed.

The primary resolution source for this market will be official information from the US government; however, a consensus of credible reporting may also be used.

Will Eric Adams join Trump administration by December 31?

This market will resolve to "Yes" if Donald Trump officially appoints, or announces the appointment of a special prosecutor, special counsel, or other independent prosecutor to investigate matters related to Jeffrey Epstein by December 31, 2025, 11:59 PM ET.  Otherwise, this market will resolve to “No.”
 
To qualify, the appointee must be explicitly tasked with investigating the Epstein case. A public statement from Trump, the White House, or the Department of Justice confirming the appointment will be sufficient for a “Yes” resolution regardless of when the appointment goes into effect. 

General statements of intent without a named appointee will not qualify. 

The primary resolution source will be official announcements from the Trump administration or a consensus of credible reporting.

Trump appoints special prosecutor for Epstein case in 2025?

This market will resolve to “Yes” if the listed individual officially announces that they are running for U.S. President in the 2028 United States presidential election by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

An announcement by the listed individual  will be sufficient to trigger a "Yes" resolution, regardless of whether they actually filed a nomination to run, or whether they actually file a nomination to run in the future.

The primary resolution source for this market will be official statements by the listed individual (ex: via speech, social media, etc.), however a consensus of credible reporting may also be used.

Will Gavin Newsom announce a Presidential run before 2027?

This market will resolve to "Yes" if definitive evidence confirming that Donald Trump is Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is made public by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Qualifying evidence includes, but is not limited to verified documentation, blockchain evidence, or other definitive evidence.

Unverified or anonymous claims, speculation, memes, jokes, sarcasm, or unsubstantiated reports will not qualify.

Unsubstantiated claims made by Trump will not alone qualify. 

The primary resolution source will be a consensus of credible reporting and official information from Donald Trump.

Trump confirmed to be Satoshi by December 31?

This market will resolve to "Yes" if the listed individual receives a presidential pardon, commutation, or reprieve from Donald Trump by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for whether the individual is pardoned or not will be official information from the US government, however a consensus of credible reporting will also be used.

Will Trump pardon Steve Bannon in 2025?

This market will resolve to "Yes" if Donald Trump signs any bill into law that aims to repeal or alter presidential term limits as defined by the 22nd Amendment to the U.S. Constitution, or if the U.S. Supreme Court rules in a way that would permit a president to serve more than two terms by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

Any law signed meeting these criteria will count, even if its implementation is immediately halted or delayed by judicial or other actions.

This market's resolution source will be official information from the Trump administration and U.S. Supreme Court decisions.

Will Trump repeal Presidential term limits in 2025?

Jerome Powell is currently scheduled to give an FOMC Introductory Statement and press conference on December 10, 2025, at 2:30 PM ET. This market pertains to his Introductory Statement as well as the following Q&A session.

This market will resolve to "Yes" if Powell says the listed term during the FOMC Press Conference. Otherwise, this market will resolve to "No".

Any usage of the word regardless of context will count toward the resolution of this market.

Pluralization/possessive of the word will count toward the resolution of this market, however other forms will NOT count.

Instances where the term is used in a compound word will count regardless of context (e.g. joyful is not a compound word for "joy," however "killjoy" is a compounding of the words "kill" and "joy").

If no such statement happens by December 10, 2025, 11:59 PM ET, this market will resolve to "No".

The resolution source will be video and transcripts of the FOMC Press conference.

Will Powell say "Good afternoon" during December press conference?

This market will resolve to "Yes" if at least one seat on the United States Supreme Court becomes vacant between January 1 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official announcements from the U.S. Government. However, a consensus of credible reporting may also be used.  

Supreme Court vacancy in 2025?

This market will resolve to “Yes“ if the US House of Representatives by simple majority vote to approve or pass one or more articles of impeachment of President Donald Trump, between July 24, 2025, and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

Neither trial nor conviction by the US Senate, nor removal from office, is necessary to resolve this market to “Yes“.

The primary resolution source for this market will be information from the federal government of the United States, however a consensus of credible reporting will be used.

Who will Trump announce as next Fed Chair in 2025?

No announcement by December 31
$2,397,291 Vol.
89%
0123456789
%

Kevin Hassett
$604,026 Vol.
8%
0123456789
%

Rick Rieder
$93,133 Vol.
1%
0123456789
%

Kevin Warsh
$520,793 Vol.
1%
0123456789
%

Chris Waller
$490,109 Vol.
1%
0123456789
%

Scott Bessent
$398,294 Vol.
1%
0123456789
%

Michelle Bowman
$392,376 Vol.
<1%
0123456789
%

Arthur Laffer
$96,711 Vol.
<1%

Larry Kudlow
$144,424 Vol.
<1%

Judy Shelton
$345,986 Vol.
<1%

Ron Paul
$107,882 Vol.
<1%

Chamath Palihapitiya
$65,057 Vol.
<1%

Howard Lutnick
$324,737 Vol.
<1%

Elon Musk
$181,901 Vol.
<1%

Roger W. Ferguson Jr.
$617,320 Vol.
<1%

Market Context

Who will Trump announce as next Fed Chair in 2025?

Rules

Who will Trump announce as next Fed Chair in 2025?

Market Context

Who will Trump announce as next Fed Chair in 2025?

About

Related

Who will Trump announce as next Fed Chair in 2025?

No announcement by December 31$2,397,291 Vol.89%0123456789%buy Yes89¢buy No12¢

Kevin Hassett$604,026 Vol.8%0123456789%buy Yes8.1¢buy No92.8¢

Rick Rieder$93,133 Vol.1%0123456789%buy Yes1.6¢buy No99.0¢

Kevin Warsh$520,793 Vol.1%0123456789%buy Yes1.4¢buy No99.0¢

Chris Waller$490,109 Vol.1%0123456789%buy Yes1.5¢buy No99.1¢

Scott Bessent$398,294 Vol.1%0123456789%buy Yes1.2¢buy No99.3¢

Michelle Bowman$392,376 Vol.<1%0123456789%buy Yes0.5¢buy No99.7¢

Arthur Laffer$96,711 Vol.<1%buy Yes0.1¢buy No0.0¢

Larry Kudlow$144,424 Vol.<1%buy Yes0.1¢buy No0.0¢

Judy Shelton$345,986 Vol.<1%buy Yes0.1¢buy No0.0¢

Ron Paul$107,882 Vol.<1%buy Yes0.1¢buy No0.0¢

Chamath Palihapitiya$65,057 Vol.<1%buy Yes0.1¢buy No0.0¢

Howard Lutnick$324,737 Vol.<1%buy Yes0.1¢buy No0.0¢

Elon Musk$181,901 Vol.<1%buy Yes0.1¢buy No0.0¢

Roger W. Ferguson Jr.$617,320 Vol.<1%buy Yes0.1¢buy No0.0¢

Market Context

Who will Trump announce as next Fed Chair in 2025?

Rules

Who will Trump announce as next Fed Chair in 2025?

Market Context

Who will Trump announce as next Fed Chair in 2025?

About

Related

No announcement by December 31
$2,397,291 Vol.
89%
0123456789
%

Kevin Hassett
$604,026 Vol.
8%
0123456789
%

Rick Rieder
$93,133 Vol.
1%
0123456789
%

Kevin Warsh
$520,793 Vol.
1%
0123456789
%

Chris Waller
$490,109 Vol.
1%
0123456789
%

Scott Bessent
$398,294 Vol.
1%
0123456789
%

Michelle Bowman
$392,376 Vol.
<1%
0123456789
%

Arthur Laffer
$96,711 Vol.
<1%

Larry Kudlow
$144,424 Vol.
<1%

Judy Shelton
$345,986 Vol.
<1%

Ron Paul
$107,882 Vol.
<1%

Chamath Palihapitiya
$65,057 Vol.
<1%

Howard Lutnick
$324,737 Vol.
<1%

Elon Musk
$181,901 Vol.
<1%

Roger W. Ferguson Jr.
$617,320 Vol.
<1%