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Powell Still The Clear Favourite For Fed Chair In Betting Markets

FED

Note that the odds surrounding the likelihood of a second term for Fed Chair Jay Powell took a hit on the back of the BBG sources piece which hit in Asia hours on Tuesday (a reminder that the piece suggested that Fed Governor Lael Brainard is a "serious rival" for Powell in the race to sit atop the central bank), although his odds recovered from the intraday trough and remain within the range observed in recent times.


Fig. 1: Odds re: Whom Will The Senate Next Confirm As Chair Of The Federal Reserve?

Source: PredictIt

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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