This market will resolve to "Yes" if the upper bound of the target federal funds rate is decreased at any point before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No". If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to "No". Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify. Both rate cuts resulting from scheduled Federal Open Market Committee meetings and emergency rate cuts will qualify as decreasing the upper bound of the target federal funds rate. The primary resolution sources for this market are official information from the U.S. Senate and the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm). However, consensus of credible reporting may also be used.