Trump says he will announce a replacement for Powell as Fed chair Friday morning
CNBC • • business
Key Points:
- President Donald Trump announced he will reveal his choice for the new Federal Reserve chair on Friday, ending a five-month selection process.
- The candidate shortlist includes former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett, current Fed Governor Christopher Waller, and BlackRock CIO Rick Rieder.
- Prediction markets recently shifted in favor of Warsh as the likely nominee, with reports indicating he visited the White House, though officials have neither confirmed nor denied this.
- White House spokesman Kush Desai emphasized that any speculation about the nomination before the official announcement is premature and unproductive.
- Current Fed Chair Jerome Powell has not confirmed whether he will seek to continue after his term expires in May, despite having the option to serve
