U.S. Treasury Secretary: Speculation on the Federal Reserve Chair's appointment is expected to be announced in early January.

BlockBeats News, December 16, U.S. Treasury Secretary Yellen: Speculates that the nominee for Fed Chair will be announced in early January.

Today, former Fed Governor Kevin Warsh has surpassed Hassett to become the frontrunner for the next Federal Reserve Chair. On the prediction market Polymarket, Warsh's probability of being nominated as Fed Chair by Trump has risen from 7% to 48%, while White House National Economic Council Director Kevin Hassett's probability of being nominated has dropped from a high of 85% to 42%. On the prediction market Kalshi, Warsh's nomination probability has risen from 10% to 52%, and Hassett's nomination probability has dropped from a high of 81% to 39%.