BlockBeats News, January 9th, during an exclusive interview with The New York Times, U.S. President Trump stated that he has decided who to nominate for the next Federal Reserve Chair but did not reveal the person’s name. “I have made up my mind,” he said, “but I haven’t discussed it with anyone yet.” When asked about his chief economic advisor Hassett, Trump said, “I don’t want to say,” but he described Hassett as “definitely one of the people I like.”
Regardless of who Trump selects, the next Federal Reserve Chair will take over an institution at a critical juncture, positioned at the center of an unprecedented pressure campaign by the President to significantly lower interest rates. Prediction market Kalshi shows that Kevin Warsh currently has a 41% probability of being elected Federal Reserve Chair, Kevin Hassett at 39%, and Christopher Waller at 12%. (Jin10)
