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.
55 Articles
55 Articles
Trump Announcing Fed Chair Pick
Donald Trump will be announcing his pick for Federal Reserve chair tomorrow. Trump said he will be making the announcement “Friday morning.” CNBC reported: President Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair. Speaking at the premiere for “Melania,” the film about first lady Melania Trump, the president said the five-month odyssey of finding his pick to succeed current Chair Jerome Powell …
US President Donald Trump will announce tomorrow Friday the name of his candidate for president of the Federal Reserve.
Trump to announce new Fed chair Friday morning
President Donald Trump has apparently decided on his pick to be the next chairman of the Federal Reserve, and will announce the nomination on Friday.The Wall Street Journal reported Thursday that Trump planned to make the announcement in the morning, following a months-long vetting process led by Treasury Secretary Scott Bessent. The Treasury secretary is recommending Trump nominate one of four finalists: National Economic Council Director Kevin…
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