Trump Says He Has Decided on Fed Chair Pick

On January 9, in an interview with The New York Times, U.S. President Donald Trump said he has decided who he will nominate as the next Federal Reserve chair but did not name the candidate. “I have made my decision,” he stated, “but I haven’t spoken to anyone about it yet.” When asked about Kevin Hassett, his top economic adviser, Trump responded, “I don’t want to say,” though he noted Hassett is “definitely one of the people I like.” Whoever Trump picks, the next Fed chair will take over the central bank at a critical juncture—with the Fed at the center of an unprecedented push by the president to slash interest rates sharply. Prediction market Kalshi currently puts the probability of Kevin Warsh being selected as Fed chair at 41%, Kevin Hassett at 39%, and Christopher Waller at 12%, per FXStreet.