Former member of the Federal Reserve Board of Governors, Kevin Warsh, has emerged as a likely successor to Fed Chair Jerome Powell. This comes as US President Donald Trump has revealed that he plans to announce the next Chair soon.
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06/08 06:34
Kevin Warsh Favorite As Donald Trump Says He Will
Kevin Warsh Favorite As Donald Trump Says He Will Announce Next Fed Chair Soon
Kevin Warsh has emerged as the favorite to replace Fed Chair Jerome Powell, with Donald Trump saying he will announce a decision soon.
- Polymarket data shows that there is a 24% chance that Kevin Warsh could replace Powell if Trump announces the next Fed Chair this year.
- The president stated that a decision on the next Fed Chair is coming out very soon.
- He also remarked that Warsh is very highly thought of.
- This comes as Trump criticized Powell as being a disaster and asked that the Fed cuts rates by a full point.
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