Photo: Alamy
As President Donald Trump considers his options for who to nominate as the next Federal Reserve Chair, a surprising name has humorously popped up on a prominent betting market: Barron Trump, the president’s youngest son.
The younger Trump, 19, appeared on Thursday in a list of the top 10 potential nominees on Polymarket, a platform that features predictions about future events on its betting platform – a platform that was very popular during the 2024 presidential election.
Mr. Trump is a student at New York University and is expected to graduate in 2028.
While it is a virtual impossibility that young Mr. Trump would be nominated to the position of Fed Chair, his name on the market chart was a humorous and lighthearted moment for those who watch politics closely.
In reality, the field of potential candidates includes prominent financial figures like Kevin Hasset. Hasset, who is also the director of the U.S. National Economic Council, has a 45 percent chance of being nominated for the position, according to Polymarket’s data, making him the frontrunner.
Others running high in the betting market were Kevin Warsh (former member of the Federal Reserve Board of Governors), Christopher Waller (current member of the FRBG), and U.S. Treasury Secretary Scott Bessent – although Bessent has refused to take the job, per the president.
“He’s not going to take the job, he refused,” President Trump said during a recent press conference in the Oval Office.
He called the current Fed chair a “fool” and a “stupid man” who has done damage to the housing market by refusing to cut interest rates.
“We have some surprising names, and we have some standard names that everybody’s talking about,” the president added. “And we may go the standard way, it’s nice, to every once in a while, go politically correct.”
Secretary Bessent indicated that the president would be interviewing a group of potential chairs “in the near future.”