David Zelbos, Jeffreys
Scott Mullin | CNBC
The possibility that Jeffreys’ chief market strategist David Zervos could become the next Federal Reserve Chairman will jump to the calci of the forecast market as the Trump administration considers several candidates to replace current Fed Chairman Jerome Powell when his term expires next year.
Karshi users increased their bets that President Donald Trump would nominate Zervos at 15% on Wednesday. After telling sources that Trump is looking for 11 candidates, including Zervos and others such as former Fed Larry Lindsay and Rick Leader, BlackRock’s chief investment officer, Rick Leader.
The possibility of becoming a Trump pick for Zervos tied it to former Fed governor Kevin Warsh’s. At one point early on Wednesday, Zervos’ chances crossed Warsh from 17% to 15%, respectively.
Federal government’s Chris Waller is still sitting in the number one spot on the platform, with odds at 31%, and odds for National Economic Council director Kevin Hassett currently at 20%.
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Both Hassett and Warsh’s odds were shot in the forecast market after Trump spoke “Kevins” on CNBC last week, saying they both were “very good.”
The two advocate low interest rates. Powell, which ended in May 2026, has been a frequent target for Trump’s criticism of keeping interest rates high.
In the latest Fed decision in July, Waller, along with Fed Gov. Michelle Bowman, publicly opposed the Fed’s decision to stabilize interest rates. Waller, who was appointed by Trump in 2020, said the Fed’s approach on hold was “overly cautious.”
Last week, Bloomberg News cited people familiar with the issue, saying Trump’s advisors were like Waller’s openness to adjust monetary policy based on forecasts rather than current data. Waller also reported that he met with Trump’s team about the Fed’s main role, but had not met with the president himself.
