US EditionTrump says he will announce his Fed chief nominee on Friday
- On Jan. 30, President Donald Trump will announce his nominee for Federal Reserve chair Friday morning, after telling his Cabinet and reporters on the Melania premiere red carpet.
- Having criticized the Fed publicly, Trump says Powell "doesn't want to do it because I think he's politically biased" after repeated calls for faster rate cuts.
- The short list includes Kevin Hassett, National Economic Council director; Christopher Waller, Fed governor; Kevin Warsh, former Fed governor; and Rick Rieder, BlackRock fixed income executive, after Treasury Secretary Scott Bessent screened 11 candidates down to four.
- After the Fed held rates at 3.50% to 3.75% on Jan. 28, two officials, including one Trump appointee, argued for a quarter-point reduction while Powell’s term ends in May but he could remain on the board through 2028.
- Market and institutional signals suggest high stakes for monetary policy as prediction markets and Kalshi show Kevin Warsh at 80% favorite, while a Justice Department probe into Powell this month raises concerns about Federal Reserve independence.
244 Articles
244 Articles
Trump Reveals When He’ll Announce Next Fed Chair
By Elizabeth Troutman Mitchell, The Daily Signal | January 29, 2026 President Donald Trump said he will announce his appointee to chair the Federal Reserve Board of Governors next week. “We’re going to be announcing the head of the Fed, who that will be, and it’ll be a person that will, I think, do a good job,” Trump said at Thursday’s Cabinet meeting.“We’re paying far too much interest in the Fed,” Trump said. “The Fed rates are too high, unacc…
Trump taps Federal Reserve critic Kevin Warsh as its next chair
U.S. President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed, a decision likely to result in sharp changes to the powerful agency that could bring it closer to the White House.
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