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Warsh Takes the Lead in Fed Chair Contract: Dec. 16, 2025

Warsh Takes the Lead in Fed Chair Contract: Dec. 16, 2025

Posted December 16, 2025 at 12:54 pm

Jose Torres
IBKR Macroeconomics

Former Fed Governor Kevin Warsh has taken the lead across probabilities tied to who will be nominated as the next Fed Chair. Meanwhile, news that President Trump will hold a few more meetings with several candidates bolstered current Governor Christopher Waller’s chances to 9%; he’s now in third place. The Kevins are still neck and neck, however, with one at 46% and the other at 41%. There are approximately 40k contracts connected to the commander in chief’s decision.

IBKR Contract regarding potential Fed Chair nominee
IBKR Contract regarding potential Fed Chair nominee
IBKR Contract regarding potential Fed Chair nominee

ForecastEx Sees Broad Participation Yesterday

Yesterday’s total trading volume on ForecastEx totaled 2.69 million, which was dominated by the daily high temperatures across major US cities. But other themes with overall transactions of 10k or higher included the prices of Bitcoin and Solana, the values of futures tied to the S&P 500 and Dow Jones Industrial Indices and the US and Hong Kong dollar currency pair.  

IBKR Contract regarding high temperature in Miami on December 16.
IBKR ForecastTrader Contract regarding Bitcoin price
IBKR ForecastTrader Contract regarding Solana price
IBKR ForecastTrader Contract regarding USD/HKD exchange rate on Dec. 19

Source for images: ForecastEx

Note: Prices are highest bids as of the morning of Dec. 16, 2025.

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