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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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Coverage Details
Total News Sources73
Leaning Left12Leaning Right16Center25Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 23%
C 47%
R 30%
Factuality
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