US EditionTrump says he will announce his Fed chief nominee on Friday
President Trump will name his nominee to replace Jerome Powell as Federal Reserve Chair after an accelerated vetting process led by Treasury Secretary Scott Bessent.
- 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.
147 Articles
147 Articles
Trump: I'll Reveal My Pick for Next Fed Chair Friday
President Trump says the guessing game over who will lead the Federal Reserve next is just about over. At the Thursday night premiere of Melania , the documentary about the first lady , Trump told reporters he'll reveal his choice for Fed chair Friday morning, ending a monthslong search to replace Jerome...
Trump To Announce His Pick For Federal Reserve Chair Today
Trump plans to announce his choice for chairman of the Federal Reserve on Friday morning, a long-awaited decision that could set up a showdown on whether the US central bank preserves its independence from the White House and electoral politics.
Real Clear Politics
UpstractFed Contender Warsh Meets With Trump Pre-Announcement
Trump's pick to replace Fed Chair Powell revealed
President Donald Trump's administration has made up its mind regarding who will replace the outgoing Federal Reserve chairman, according to a new report. Bloomberg reported on Thursday that the Trump administration is preparing to elevate Kevin Warsh to the Federal Reserve Chairman role once Jerome ...
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