Trump says he has decided on Fed chair candidate, but did not reveal

Odaily News: U.S. President Trump stated in an interview with The New York Times that he has decided whom to nominate as the next Federal Reserve Chair, but did not reveal the candidate. "I have made my decision," he said, "but I haven't spoken to anyone about it yet." When asked about his chief economic advisor Hassett, Trump said, "I don't want to say," but he described Hassett as "absolutely one of the people I like." Whoever Trump chooses, the next Fed Chair will take over an institution at a critical juncture, which is at the center of unprecedented and intense pressure from the President to significantly lower interest rates. Prediction market Kalshi shows that Kevin Warsh currently has a 41% probability of becoming Fed Chair, Kevin Hassett 39%, and Christopher Waller 12%.