Trump Says He Has Decided on Fed Chair Pick

BlockBeats News, January 9th, in an interview with The New York Times, U.S. President Trump stated that he has decided whom he will nominate as the next Federal Reserve chair but did not reveal the candidate. "I have made my decision," he said, "but I have not spoken to anyone about it yet." When asked about his top economic adviser, Hassett, Trump said, "I don't want to say," but he referred to Hassett as "definitely one of the people I like."

Whoever Trump chooses, the next Federal Reserve chair will take over an institution at a critical moment, as the Fed is at the center of an unprecedented push by the President to significantly lower interest rates. Prediction market Kalshi shows that the probability of Kevin Warsh being elected as Fed chair is currently 41%, Kevin Hassett 39%, and Christopher Waller 12%. (FXStreet)