Kevin Hassett, chair of the National Economic Council, has emerged as a serious contender to succeed Jerome Powell as Federal Reserve chair and appears to have an edge on Kevin Warsh, a former Federal Reserve Governor,

Kevin Hassett, a long-time advisor to Donald Trump, is now a leading candidate for US Federal Reserve chair. This development impacts contenders like Kevin Warsh. Hassett's interest grew after discussions with Trump,

The crypto-fueled betting market on whom President Donald Trump will pick to be next Fed chair (as long as he does so by the end of the year) moved toward Kevin Hassett following a new Wall Street Journal article chronicling the race.

White House economic adviser Kevin Hassett is emerging as a serious contender to be the next chair of the U.S. Federal Reserve, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.