Donald Trump Announces He Has Decided Who Will Be the New Chair of the Federal Reserve, But

In an interview with The New York Times, US President Donald Trump said that the Federal Reserve has made its decision regarding the next chairman but has not yet revealed the candidate’s name.

Trump stated, “I have a decision in mind, but I haven’t spoken to anyone yet.”

When President Trump was asked whether his chief economic adviser, Kevin Hassett, was being considered for the Fed chairmanship, he responded, “I don’t want to say.” However, his statement that Hassett was “definitely one of my favorites” was noteworthy.

Regardless of Trump’s final choice, the new Fed chairman will take office at a critical time. The Fed is at the center of Trump’s unprecedented pressure to sharply cut interest rates, reigniting debates about the independence of monetary policy.

On the other hand, according to Kalshi data from the prediction market, Kevin Warsh emerges as the strongest candidate for the Fed chairmanship. Warsh’s probability of appointment is priced at 41%, while Kevin Hassett’s is at 39%. Current Fed Board member Christopher Waller’s probability is calculated at 12%.

*This is not investment advice.