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Trump to Announce Federal Reserve Chair Nominee Friday

lite News Desk 2 min read

At a glance

  • President Trump will name his Fed chair nominee on Friday morning
  • Kevin Warsh is widely expected to be the nominee
  • Prediction markets show Warsh’s odds at about 94-95%

President Trump stated that he will reveal his choice for the next Federal Reserve chair on Friday morning, a decision that will determine the central bank’s leadership as Jerome Powell’s term nears its end in May 2026.

The announcement follows a period in which Trump narrowed the field of candidates to four finalists. In recent weeks, Kevin Warsh, a former member of the Federal Reserve’s Board of Governors, has emerged as the leading contender based on multiple media reports and market data.

On Thursday, Trump met with Kevin Warsh at the White House. This meeting took place shortly before the planned announcement, further increasing attention on Warsh as the likely nominee for the position.

Trump described the upcoming nominee as “well-known and respected in financial circles.” Other candidates who were considered included Kevin Hassett, Rick Rieder, and Christopher Waller, according to published reports.

What the numbers show

  • Prediction markets placed Kevin Warsh’s odds at 94-95% before the announcement
  • Jerome Powell’s term as Fed chair ends in May 2026
  • Kevin Warsh served on the Fed Board of Governors from 2006 to 2011

Kevin Warsh’s previous experience includes serving on the Federal Reserve’s Board of Governors between 2006 and 2011. His background in monetary policy and central banking has been cited in coverage of the expected nomination.

Jerome Powell, the current chair, is set to complete his term in May 2026. The transition will take place as the Federal Reserve continues to oversee monetary policy and financial stability in the United States.

Trump’s decision comes after a selection process that included several candidates with backgrounds in economics and finance. The final group of contenders was reduced to four individuals in the weeks leading up to the announcement.

While no official industry statements have been published regarding the potential nomination, prediction markets and media coverage have focused on Warsh’s experience and the timing of the leadership change at the Federal Reserve.

* This article is based on publicly available information at the time of writing.

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