# The Great Central Bank Race:
#WhoIsNextFedChair ?
**WASHINGTON D.C.** โ As Jerome Powellโs term as Federal Reserve Chair approaches its expiration in **May 2026**, the financial world is locked in a high-stakes guessing game. The vacancy at the helm of the world's most powerful central bank has triggered a frenzy of speculation, market volatility, and a trending digital movement under the hashtag **
#WhoIsNextFedChai **.
With the Trump administration signaling a desire for a "pro-growth" leader and a dramatic escalation in tensions between the White House and the Eccles Building, here is the breakdown of the frontrunners, the outsiders, and the high-wire politics defining the race.
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## The Shortlist: Two Kevins and a Market Titan
The White House has narrowed its focus to a handful of individuals who offer varying degrees of loyalty, institutional experience, and market credibility.
### 1. Kevin Warsh: The Market Favorite
* **Profile:** Former Fed Governor (2006โ2011) and current Stanford scholar.
* **The Case:** Warsh is widely seen as the "independent" option. He has the experience to navigate the Fed's complex machinery but has been a vocal critic of its recent "overreach."
* **Current Standing:** Leading prediction markets (like Kalshi and Polymarket) with odds ranging from **40% to 60%**.
### 2. Kevin Hassett: The Loyalist
* **Profile:** Director of the National Economic Council and former CEA Chair.
* **The Case:** Hassett is deeply in sync with President Trump's "supply-side" vision. He has publicly advocated for immediate rate cuts, arguing that AI
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