Trump Decides on Federal Reserve Chair Nominee, Keeps Choice Private

2026-01-09 08:22

President Trump announced he has decided on his nominee for the next Federal Reserve Chairman but has not disclosed the name. In an interview with The New York Times, Trump mentioned, "I have a decision in mind," yet he has not communicated it to anyone. While he refrained from naming his chief economic advisor, he described Kevin Hassett as "definitely one of my favorites." The new Fed Chair will face significant challenges amid Trump's push for lower interest rates. Prediction markets currently favor Kevin Warsh at 41%, Kevin Hassett at 39%, and Christopher Waller at 12% for the position.

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