President Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair.
Speaking at the premiere for “Melania,” the film about first lady Melania Trump, the president said the five-month odyssey of finding his pick to succeed current Chair Jerome Powell is about to end.
“I’ll be announcing the Fed chair tomorrow morning,” Trump said. Asked if he had actually settled on a choice, he replied, “I do, I better, otherwise I have to go to work very quickly.”
The process for deciding on Powell’s replacement began in September with an 11-candidate field that included past and current Fed officials, economists and Wall Street investment professionals. Treasury Secretary Scott Bessent screened the qualifying candidates, whittling the list down to five and then four.
The final four is believed to be former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett, current Fed Governor Christopher Waller and BlackRock chief investment officer for fixed income Rick Rieder.
Prediction markets have been betting on who gets the job. Hassett had been the leader for some time, then Warsh and for the past several days Rieder. However, that flipped Thursday evening, with Kalshi now putting Warsh as a prohibitive 80% favorite.
An administration source told CNBC that Warsh was at the White House on Thursday. However, a White House official dismissed speculation. READ MORE
End Time Headlines is a ministry founded, owned, and operated by Ricky Scaparo, established in 2010 to equip believers and inform discerning individuals about the “Signs and Seasons” of the times in which we live. Ricky authors original articles and curates news from mainstream sources, carefully selecting topics, verifying information, and utilizing artificial intelligence tools to ensure content is both timely and accurate. Every piece is personally reviewed and edited by Ricky to align with the ministry’s mission of providing a prophetic perspective on current events.
