Bettors on Kalshi now see Warsh likely confirmed by mid-May after DOJ drops Powell probe

Key Points

Bettors on prediction markets platform Kalshi now see an 86% chance Kevin Warsh is confirmed as Chairman of the Federal Reserve by May 15.
Before the Department of Justice announced it was dropping a criminal inquiry into current Fed Chair Jerome Powell, those odds were around 30%.
The end of the probe into Powell meets a key demand of holdout Sen. Thom Tillis, a North Carolina Republican.

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