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The odds of Kevin Warsh being nominated as the next chair of the Federal Reserve have collapsed, as punters have piled in.
Warsh is now a 93% chance of getting the nod from Donald Trump, according to predictions site Polymarket.
That’s up from 32% at the start of the week, when BlackRock fixed income chief Rick Rieder was briefly the front-runner.
The Financial Times have nailed their trousers to the mast, declaring that Donald Trump is preparing to nominate former Federal Reserve governor Kevin Warsh to replace Jay Powell as Fed chair, citing three sources.
