Description: Everyone thought the next Fed Chair was already decided. Then markets blinked, bond yields reacted, and a different name suddenly took the lead. This shift says a lot more about power, credibility, and rate cuts than most people realize.

We’ll talk about:

• Why the fed chair race flipped from Kevin Hassett to Kevin Warsh almost overnight
• How Wall Street quietly pushed back against politically driven rate cut expectations
• What bond markets and betting markets revealed before headlines caught up
• What this race means for the next fed cut interest rate cycle and risk assets going forward

Keywords: fed chair race, Kevin Warsh, Kevin Hassett, Federal Reserve Chair, fed cut interest rate, Trump Fed pick, bond market signals, Treasury yields, Polymarket