Trump says he'll announce Fed chair nominee on Friday morning as Kevin Warsh's odds soar

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Source: Yahoo!Finance

Yahoo Finance

Trump says he'll announce Fed chair nominee on Friday morning as Kevin Warsh's odds soar

Jennifer Schonberger * Senior Reporter
Updated Thu, January 29, 2026 at 8:11 PM EST 3 min read

President Trump said Thursday that he will announce his nominee to be the next chair of the Federal Reserve on Friday morning.

Trump told reporters Thursday night at the premier of First Lady Melania Trump's movie, "Melania," that he would announce the decision Friday morning. ... Asked whether he knew who he'd nominate to the role, Trump said: "I do."

Polymarket data showed former Fed Governor Kevin Warsh is now the prohibitive favorite to get the nod, with his odds north of 85%. Rachel Bade, former author of Politico's Playbook, said in a post on X that Trump was leaning towards Warsh for the role.

Earlier in the day during a Cabinet meeting, Trump said he'd announce his nominee to lead the Fed "next week," adding, "it'll be a person that will, I think, do a good job." ... "With the help of the Fed, we could hit numbers that have never been hit before," he added.

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Read more: https://finance.yahoo.com/news/trump-says-hell-announce-fed-chair-nominee-on-friday-morning-as-kevin-warshs-odds-soar-010347156.html

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https://finance.yahoo.com/news/instant-view-trump-announce-fed-031601665.html

Instant View: Trump to announce his Fed chief pick on Friday

Reuters
Thu, January 29, 2026 at 10:19 PM EST 3 min read

Jan 30 (Reuters) - President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed governor Kevin Warsh.

Bloomberg News ​later reported that the White House is preparing for Trump to nominate Warsh as the next Fed chair, citing people familiar ‌with the matter.

Warsh, on the short list of candidates to lead the central bank when Powell's leadership term ends in May, went to the White House for a meeting ‌with Trump on Thursday, according to one source familiar with the matter.

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