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Trump 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.
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UpstractFed Contender Warsh Meets With Trump Pre-Announcement
·Chicago, United States
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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 ...
·United States
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President Donald Trump plans to announce Friday morning to his candidate to chair the Federal Reserve Board (Fed), the central bank of the United States. Among the finalists is Rick Rieder, executive of BlackRock, who meets the...
Coverage Details
Total News Sources91
Leaning Left13Leaning Right19Center33Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 20%
C 51%
R 29%
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