President Trump said on Thursday that he would name his pick to replace Fed Chair Jerome Powell “over the next couple of weeks,” adding that the decision may come in 2026.
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Trump noted that he was interviewing “three or four” candidates to fill the position and praised Fed Governor Christopher Waller and Fed Vice Chair for Supervision Michelle Bowman, calling the former “great.”
The Two Kevins Lead the Fed Chair Race
Earlier this week, the Wall Street Journal reported that Trump had narrowed down his choices to National Economic Council Director Kevin Hassett and former Fed Governor Kevin Warsh. Trump added that his selection should support rate cuts and consult with him on monetary policy decisions.
Hassett holds the highest odds of being selected by Trump at 53% on prediction platform Polymarket, followed by Warsh at 26% and Waller at 15%. Bowman holds slim odds of just 2%.
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