A federal court halted the Justice Department's subpoena investigation into the current Federal Reserve Chairman, significantly increasing the likelihood that Elizabeth Warren would support Warsh for the position.

Odaily Seer's monitoring shows that the probability of "Will Elizabeth Warren vote for Kevin Warsh as Federal Reserve Chair?" has risen from 1.9% to 28.0%. A recent ruling by a U.S. District Court has halted the Justice Department's subpoena investigation into current Federal Reserve Chairman Jerome Powell. Previously, Warren, the top Democrat on the Senate Banking Committee, had clearly stated that the confirmation of a new Federal Reserve Chair should not proceed until the Trump administration completely halts the criminal investigations into Powell and Federal Reserve Governor Lisa Cook. Following the ruling, Warren called the investigation "political persecution" and, together with Republican Senator Thom Tillis, called on the Justice Department to completely abandon the investigation. With the investigation stalled, the preconditions it previously set are being met, significantly reducing the obstacles to Warsh's nomination. It is worth noting that Warren is known for her strong regulatory stance, while Warsh is more hawkish and favors deregulation; their policy positions are clearly opposed. Odaily Seer continues to monitor the prediction market, seeing changes before they are priced in.