Kevin Warsh confirmed as new Federal Reserve Chair, succeeding Jerome Powell

## Market Snapshot

The market “Will Jerome Powell depart as Fed Chair by May 16, 2026?” is priced at 0.1% YES, down from 3% 24 hours ago. Meanwhile, “Will Jerome Powell depart as Fed Chair by June 30, 2026?” stands at 99.2% YES, reflecting strong confidence in Powell’s departure following Kevin Warsh’s confirmation.

## Key Takeaways

– Kevin Warsh’s confirmation as the new Fed Chair suggests a completed transition from Jerome Powell’s leadership. – Market pricing implies a strong likelihood of Jerome Powell’s departure by the end of June 2026, reflecting Warsh’s Senate confirmation. – The immediate impact on interest rate decisions for June and July appears minimal, as markets focus on broader leadership changes rather than specific policy shifts.

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